Stornoway Portfolio Management

Stornoway Recovery Fund

Ravensource Fund

Stornoway Portfolio Management Inc. is an employee-owned asset management firm located in Toronto, Canada. Stornoway’s investment team conduct extensive fundamental analysis and will use their expertise, experience and network to play an active role in restructuring and other value enhancing initiatives on behalf of the funds they manage. The Stornoway Recovery Fund focuses on capturing value from the turnaround and recovery of financially distressed companies. The Fund seeks to generate long term capital appreciation through investments in companies that are in varies stages of revitalization. The Ravensource Fund is a closed-end investment fund that is listed on the Toronto Stock Exchange ("TSX") under the symbol RAV.UN. Ravensource seeks to achieve absolute annual returns through deep-value investments in high-yielding securities, distressed securities, and special situation equities.