"This proposed private placement represents the first time Ravensource has raised capital since 2011, providing investors an opportunity to increase their Ravensource investment beyond what is typically available in the open market. As the Fund is currently fully invested, this proposed capital raise will enable Ravensource to capitalize on the increasing opportunities in its core distressed and special situations strategies and drive value to the benefit of all Ravensource unitholders," said
Units issued pursuant to the Offering will be subject to a four-month hold period from the date of closing of the Offering. The proceeds from the Offering will be used by the Fund to purchase additional investments, both in new and existing Fund positions.
The Offering is subject to certain condition including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the
Additional information relating to
Cautionary Statements
This press release contains forward-looking statements which reflect the Fund's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Ravensource disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For more information, please contact:
Attention:
Telephone: (416) 250-2845
Email: sreid@stornowayportfolio.com
SOURCE
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