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Ravensource Fund (T:RAV.UN)

Business Focus: Closed End Funds

Get the company report for the most recent outlook updated daily

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for RAV within the last 6 months
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Company News

Sep 23, 2022 14:40 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.
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Sep 02, 2022 15:16 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.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
--
10.07
5.57
Price to Book - most recent quarter
0.99
0.94
1.48
Price to Cash Flow per share - TTM
--
--
9.50
Price to Free Cash Flow per share - TTM
--
14.97
14.73
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Sep 15, 20221130
Aug 31, 2022113-31
Aug 15, 20221440
See Short Report

Business Summary

Sector:  Financials Industry:  Closed End Funds

Ravensource Fund (the Fund)) is a Canada-based closed-end investment fund. The Fund's principal investment objective is to achieve absolute annual returns, with an emphasis on capital gains, through investment in selected North American securities. The Fund invests in distressed securities, alternative credit, and special situation equity securities. The Fund is seeking attractive investment opportunities from situations that are overlooked by traditional investors. The Fund is focused on capturing value from the turnaround and recovery of financially distressed securities and from other deep-value investments through due diligence. The Funds' investments Industries include Metals & Mining, Financial, Media & Publishing, Real Estate, Retail, Oil & Gas, Technology, and Food & Beverage. Stornoway Portfolio Management Inc. is the investment manager for the Fund.

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