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Ravensource Fund Announces Update on One of its Portfolio Companies
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.