2020 Recirculation Opportunity

The Recirculation is a once-a-year opportunity for investors to invest in Ravensource. Each year, Ravensource investors have the right to redeem their units for 100% of net asset value. In turn, Ravensource can recirculate — i.e. resell — those units to interested investors. Given the favourable backdrop for distressed and special situations investing, Stornoway, Ravensource’s Investment Manager, believes the Recirculation Opportunity is particularly compelling this year.

Ravensource has engaged BMO Nesbitt Burns as recirculation agency to ensure orders are settled correctly and efficiently. The details for this year’s Recirculation Opportunity are:

Units available for purchase: 319,508
Recirculation price per unit: $15.69 (NAV as of Sept. 3, 2020)
Order Deadline Date: September 23, 2020 @ 2pm
Settlement Date: September 25, 2020

Orders to purchase units will be processed on a first-come, first-served basis. Please contact Scott Reid at or 416-250-2845 you are interested in participating.