TORONTO , Sept. 6, 2024 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund (TSX: RAV.UN), is pleased to announce that Computershare Trust Company of Canada , as trustee of Ravensource, has entered into an agreement with BMO Nesbitt Burns Inc. to recirculate the 39,116 units tendered for redemption (the "Recirculation") to interested investors at a price of $17.4621 per unit, representing $683,047.50 in total.
Investors interested in purchasing Ravensource units under the Recirculation must place their orders by 2pm Eastern Time on September 24, 2024 . The settlement date for units purchased as part of the Recirculation will be September 26, 2024 . Ravensource units are eligible for registered accounts including RRSPs, RESPs, TFSAs and RRIFs.
Ravensource seeks to achieve superior absolute, long-term returns by investing in distressed and deep-value North American securities. The Fund implements this philosophy across three investment strategies: distressed opportunities, alternative credit, and special situations equities. For more information or to participate in the Recirculation please contact Stornoway Portfolio Management:
Stornoway Portfolio Management Inc.
30 St. Clair Avenue West, Suite 901
Toronto, Ontario
M4V 3A1
Attention:
Scott Reid
Telephone: (416) 250-2845
Email:
[email protected]
Please note that this release has been prepared by Stornoway Portfolio Management for information purposes only and is not, and under no circumstances should be construed as, an advertisement for a public offering for the securities referred to herein. Please consult your broker or investment advisor when determining the suitability of an investment for you.
SOURCE Ravensource Fund
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