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TORONTO , Sept. 29, 2023 /CNW/ - This press release is being disseminated as required by National Instrument 62–103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the " Early Warning Report ") regarding the acquisition of units of Ravensource Fund (TSX: RAV.UN), a closed-end fund (the " Issuer "), with its head office located at 30 St. Clair Avenue West, Suite 901 Toronto, Ontario M4V 3A1, by Theodore Walker Cheng-De King , an individual resident at Unit 1502, 15 th Floor, 99 Hennessy Road, Wanchai, Hong Kong .
On September 29, 2023 , Mr. King acquired 87,366 units of the Issuer (" Units ") through market purchases over the facilities of the Toronto Stock Exchange for $15.76 per Unit for an aggregate purchase price of $1,376,888.16 (the " Market Purchases ").
Prior to the Market Purchases, Mr. King owned, directly and indirectly, 108,200 Units, representing 9.24% of the issued and outstanding Units on a non-diluted basis. 1000607082 Ontario Limited, a company owned and controlled by Mr. King, should be considered a joint actor, and holds 95,000 of these Units .
Following the Market Purchases, Mr. King and his joint actors owns, directly and indirectly, an aggregate of 195,566 Units, representing 16.70% of the outstanding Units, on both a diluted and non-diluted basis.
Mr. King acquired the Units for investment purposes and may in the future participate in financings and/or acquire or dispose of securities of the Issuer in the market, privately or otherwise, as circumstances or market conditions warrant.
A copy of the Early Warning Report with additional information in respect of the foregoing matters may be found on SEDAR at www.SEDAR.com .
SOURCE Theodore King
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