|April 20, 2017 NAV = $14.91||Latest Market Update: $14.35 bid / $14.75 offer|
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The Ravensource Fund is a publicly listed, closed-end investment fund. The principal objective of Ravensource is to achieve absolute annual returns, with an emphasis on capital gains, through investments in selected North American securities. Ravensource invests primarily in high yielding securities, distressed securities and special situation equity securities.
Ravensource is unique in its approach, seeking attractive investment opportunities from situations that are overlooked by traditional investors. Ravensource focuses on capturing value from the turnaround and recovery of financially distressed securities and from other deep-value investments, through extensive due diligence and active involvement by the manager, Stornoway Portfolio Management.
As of December 31, 2011, Ravensource had $20 mm of unused capital losses representing in excess of 100% of the NAV of the Fund. As such, Ravensource is unlikely to generative taxable capital gains for the foreseeable future.