TORONTO, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Stornoway Portfolio Management Inc. (“Stornoway”), the Investment Manager of the Ravensource Fund (the “Fund” or “Ravensource”) (TSX: RAV.UN), has become aware of a suspected fraud by one of the Fund’s portfolio companies, that constitutes approximately 10.2% of the Fund’s Net Asset Value (“NAV”). The impact on the NAV, if any, cannot be determined at this time. The matter is being investigated, and Stornoway is taking steps with a view to minimizing any potential impacts on the Fund.

About Ravensource

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. Additional information relating to Ravensource is available on its website at www.ravensource.ca. 

For further information:

Scott Reid
Stornoway Portfolio Management Inc.
Tel: (416) 250 2845
e-mail: sreid@stornowayportfolio.com

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.