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Ravensource Fund (T:RAV.UN)

Business Focus: Closed End Funds

Nov 14, 2023 06:21 pm ET
Ravensource Fund Announces Closing of Private Placement
TORONTO, Nov. 14, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce the successful completion of the previously announced private placement, raising $554,750 through the issuance of 35,000 units ("Units") of the Fund at a price of $15.85 per Unit.
Nov 06, 2023 05:15 pm ET
Ravensource Fund Announces Proposed Private Placement
TORONTO, Nov. 6, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce today that it proposes to raise up to $554,750.00 through a non-brokered private placement of up to 35,000 units ("Units") of the Fund at a price of $15.85 per Unit (the "Offering") which it expects to close mid-November, 2023. The subscription price reflects the Fund's Net Asset Value per unit of $15.8459 as of October 31, 2023.
Nov 06, 2023 05:00 pm ET
Ravensource Fund Announces Closing of Private Placement
TORONTO, Nov. 6, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce the successful completion of the previously announced private placement, raising $1,418,400 through the issuance of 90,000 units ("Units") of the Fund at a price of $15.76 per Unit.
Oct 13, 2023 08:22 am ET
Canadian Investment Regulatory Organization Trade Resumption - RAV.UN
TORONTO, Oct. 13, 2023 /CNW/ - Trading resumes in:
Oct 12, 2023 05:15 pm ET
Canadian Investment Regulatory Organization Trading Halt - RAV.UN
TORONTO, Oct. 12, 2023 /CNW/ - The following issues have been halted by CIRO:
Oct 12, 2023 04:47 pm ET
Ravensource Fund Announces Proposed Private Placement
TORONTO, Oct. 12, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce today that it proposes to raise up to $2,242,538 through a non-brokered private placement of up to 142,293 units ("Units") of the Fund at a price of $15.76 per Unit (the "Offering") which it expects to close late October, 2023. The subscription price reflects the Fund's Net Asset Value per unit of $15.49 as of October 5, 2023.
Sep 29, 2023 05:08 pm ET
Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Units of Ravensource Fund
/NOT FOR DISTRIBUTION TO UNITED STATES OF AMERICA WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Sep 28, 2023 04:46 pm ET
RAVENSOURCE FUND SUCCESSFULLY COMPLETES RECIRCULATION
TORONTO, Sept. 28, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund (the "Fund" or "Ravensource") (TSX: RAV.UN), is pleased to announce all 87,366 units of the Fund previously tendered for redemption under the annual redemption right have been successfully recirculated. Accordingly, no units of the Fund were redeemed, and the number of outstanding units will remain at 1,171,075.
Sep 15, 2023 04:39 pm ET
Ravensource Fund Announces Closing of Private Placement
TORONTO, Sept. 15, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce the successful completion of the previously announced private placement, raising $1,897,188.80 through the issuance of 120,380 units ("Units") of the Fund at a price of $15.76 per Unit (the "Offering").
Sep 08, 2023 01:26 pm ET
RAVENSOURCE FUND ANNOUNCES 2023 RECIRCULATION OPPORTUNITY
TORONTO, Sept. 8, 2023 /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 87,366 units tendered for redemption (the "Recirculation") to interested investors at a price of $15.7567 per unit, representing $1,376,599.85 in total.
Sep 08, 2023 09:10 am ET
Ravensource Fund Updates Pricing of Proposed Private Placement
TORONTO, Sept. 8, 2023  /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) has updated the pricing of the previously announced private placement (the "Offering"). Units issued pursuant to the Offering will be issued at a price of $15.76, which reflects the Fund's Net Asset Value per unit of $15.7567 as of September 7, 2023 and is consistent with the Annual Redemption Value for the 2023 Annual Redemption. As revised, Ravensource proposes to raise up to $3,795,512.32 through the placement of up to 24
Aug 22, 2023 07:36 pm ET
Ravensource Fund Announces Proposed Private Placement
TORONTO, Aug. 22, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) is pleased to announce today that it proposes to raise up to $3,899,070 through a non-brokered private placement of up to 240,832 units ("Units") of the Fund at a price of $16.19 per Unit (the "Offering") which it expects to close mid-to-late September, 2023. The subscription price reflects the Fund's Net Asset Value per unit of $16.1837 as of August 10, 2023.
Jun 30, 2023 04:55 pm ET
Ravensource Fund announces no distribution for the semi-annual period ended June 30, 2023
TORONTO, June 30, 2023 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of Ravensource Fund (the "Fund") today announces the Fund will not make a distribution to unitholders for the semi-annual period ending June 30, 2023. Stornoway believes that retaining capital to deploy in the attractive investment opportunities currently available to the Fund will create more value for unitholders than making a cash distribution. Going forward, on a semi-annual basis, Ravensource intends to distribute the amount, if any, required for Ravensource to remain a tax-efficient
Dec 14, 2022 10:31 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, Dec. 14, 2022 /CNW/ - Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN). The distribution will be paid on December 30, 2022, to unitholders of record on December 21, 2022.
Sep 23, 2022 02:40 pm ET
RAVENSOURCE FUND SUCCESSFULLY COMPLETES RECORD RECIRCULATION
TORONTO, Sept. 23, 2022 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund (the "Fund" or "Ravensource") (TSX: RAV.UN), announced it has recirculated 107,304 units of the Fund previously tendered for redemption under the annual redemption right. Accordingly, 146,639 units of the Fund were redeemed, reducing the number of outstanding units to 1,050,695.
Sep 02, 2022 03:16 pm ET
RAVENSOURCE FUND ANNOUNCES 2022 RECIRCULATION OPPORTUNITY
TORONTO, Sept. 2, 2022 /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 253,943 units tendered for redemption (the "Recirculation") to interested investors at a price of $15.2646 per unit, representing $3,876,338 in total.
Jun 16, 2022 03:06 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, June 16, 2022 /CNW/ - Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on June 30, 2022, to unitholders of record on June 23, 2022.
Dec 15, 2021 02:23 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, Dec. 15, 2021 /CNW/ - Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on December 30, 2021, to unitholders of record on December 22, 2021.
Sep 07, 2021 09:35 am ET
Ravensource Fund Enters into Recirculation Agreement
TORONTO, Sept. 7, 2021 /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 250,264 units tendered for redemption (the "Recirculation") to interested investors at a price of $17.3311 per unit.
Jun 14, 2021 04:35 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, June 14, 2021 /CNW/ - Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN). The distribution will be paid on June 30, 2021, to unitholders of record on June 23, 2021.
Dec 09, 2020 10:16 am ET
Ravensource Fund declares semi-annual distribution
TORONTO, Dec. 9, 2020 /CNW/ - Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on December 30, 2020, to unitholders of record on December 18, 2020.
Sep 25, 2020 03:21 pm ET
Ravensource Fund Successfully Completes Recirculation
TORONTO, Sept. 25, 2020 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund (the "Fund" or "Ravensource") (TSX: RAV.UN), announced it has successfully recirculated 70,636 units of the Fund previously tendered for redemption under the annual redemption right. Accordingly, 248,872 units of the Fund were redeemed, reducing the number of outstanding units to 1,423,998.
Sep 08, 2020 05:35 pm ET
Ravensource Fund Enters Into Recirculation Agreement
TORONTO, Sept. 8, 2020 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN), announced today that, as provided for in the declaration of trust governing the Fund, the Fund has entered into an agreement with BMO Nesbitt Burns Inc. dated as of September 8, 2020, to recirculate the 319,508 units of the Fund tendered for redemption (the "Recirculation").
Jun 30, 2020 04:39 pm ET
Ravensource Fund makes semi-annual distribution
TORONTO, June 30, 2020 /CNW/ - The Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN) today announced it has paid its previously declared semi-annual distribution to holders of Ravensource trust units. Ravensource's objective is to generate long-term absolute returns for unitholders while making distributions to ensure the Fund does not incur any tax liability from income and/or capital gains in a given fiscal year.
Jun 09, 2020 04:14 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, June 9, 2020 /CNW/ - The Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on June 30, 2020, to unitholders of record on June 23, 2020.
Dec 10, 2019 12:48 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, Dec. 10, 2019 /CNW/ - The Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on December 30, 2019, to unitholders of record on December 20, 2019.
Sep 26, 2019 08:46 pm ET
Ravensource Fund Successfully Completes Recirculation
TORONTO, Sept. 26, 2019 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund (the "Fund" or "Ravensource") (TSX: RAV.UN), is pleased to announce all 60,542 units of the Fund previously tendered for redemption under the annual redemption right have been successfully recirculated. Accordingly, no units of the Fund were redeemed, and the number of outstanding units will remain at 1,672,870.
Sep 06, 2019 05:07 pm ET
Ravensource Fund Enters Into Recirculation Agreement
TORONTO, Sept. 6, 2019 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN), announced today that, as provided for in the declaration of trust governing the Fund, the Fund has entered into an agreement with BMO Nesbitt Burns Inc. dated as of September 6, 2019, to recirculate the 60,542 units of the Fund tendered for redemption (the "Recirculation").
Jun 13, 2019 06:44 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, June 12, 2019 /CNW/ - The Ravensource Fund today announced its regular semi-annual distribution of $0.15 per unit to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on June 28, 2019 to unitholders of record on June 21, 2019.
Sep 27, 2018 05:21 pm ET
Ravensource Fund Successfully Completes Recirculation
Stornoway Portfolio Management Inc. (“Stornoway”), the Investment Manager of the Ravensource Fund (the “Fund” or “Ravensource”) (TSX: RAV.UN), is pleased to announce the successful completion of the recirculation of all 56,961 units of the Fund...
Sep 07, 2018 07:21 pm ET
Ravensource Fund Enters Into Recirculation Agreement
TORONTO, Sept. 7, 2018 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the Investment Manager of the Ravensource Fund ("Ravensource" or the "Fund") (TSX: RAV.UN), announced today that, in accordance with the declaration of trust governing the Fund, the Fund has entered into an agreement with BMO Nesbitt Burns Inc. dated as of September 7, 2018, to recirculate 56,961 units of the Fund tendered for redemption (the "Recirculation").
Dec 12, 2017 01:58 pm ET
Ravensource Fund declares semi-annual distribution
TORONTO, Dec. 12, 2017 /CNW/ - The Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on December 29, 2017 to unitholders of record on December 22, 2017.
Oct 02, 2017 02:23 pm ET
Ravensource Fund Successfully Completes Recirculation
TORONTO, Oct. 2, 2017 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the manager of the Ravensource Fund (the "Fund") (TSX: RAV.UN), is pleased to announce that BMO Nesbitt Burns Inc. was successful in finding purchasers for all 103,698 Fund units tendered for redemption under the Annual Redemption Right. Accordingly, no units of the Fund were redeemed and the number of outstanding Ravensource units will remain at 1,672,870.
Sep 20, 2017 09:32 pm ET
Ravensource Fund Announces Commencement of Recirculation
TORONTO, Sept. 20, 2017 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the manager of the Ravensource Fund (the "Fund") (TSX: RAV.UN), would like to announce that due to strong initial interest from investors, BMO Nesbitt Burns, Ravensource's recirculation agent, will now be accepting orders to purchase Fund units under the recirculation beginning at 8am EST on September 21, 2017. The deadline for orders has also been extended to 2pm on September 27, 2017, to allow potential investors ample time to participate.
Sep 08, 2017 05:34 pm ET
Ravensource Fund Enters Into Recirculation Agreement
TORONTO, Sept. 8, 2017 /CNW/ - Stornoway Portfolio Management Inc. ("Stornoway"), the manager of the Ravensource Fund (the "Fund") (TSX: RAV.UN), announced today that, in accordance with the declaration of trust governing the Fund, the Fund has entered into a recirculation agreement dated as of September 8, 2017. The agreement provides for BMO Nesbitt Burns Inc. to use its commercially reasonable efforts to find purchasers for 103,698 units of the Fund tendered for redemption.
Jun 14, 2017 11:08 am ET
Ravensource Fund increases its semi-annual distribution
TORONTO, June 14, 2017 /CNW/ - The Ravensource Fund today announced it is increasing its regular semi-annual distribution from $0.15 per unit to $0.22 per unit to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on June 30, 2017 to unitholders of record on June 23, 2017.
Jun 15, 2016 09:41 am ET
Ravensource Fund Declares Semi-Annual Distribution
TORONTO, June 15, 2016 /CNW/ - The Ravensource Fund today announced its regular semi-annual distribution to holders of Ravensource Fund trust units (TSX: RAV.UN).  The distribution will be paid on June 30, 2016 to unitholders of record on June 23, 2016.