TORONTO, May 11 /CNW/ - As outlined in the Rights Offering Circular of Revensource Fund (the "Issuer") dated April 21, 2011 (the "Rights Offering Circular"), the Issuer issued to holders of its trust units ("Units") of record as at the close of business on April 29, 2011 an aggregate of 1,424,016 rights (each, a "Right") to subscribe for and purchase from the Issuer an aggregate of 356,004 Units (the "Rights Offering").  Four (4) Rights entitle the holder to acquire one Unit upon payment of the subscription price of $10.33.  Following the Rights Offering, Scott R. Reid ("Reid") owns and has control of (i) 160,628 Units, and (ii) 160,628 Rights exercisable for 40,157 additional Units.

As a result of the Rights Offering, Reid has a securityholding percentage of approximately 12.67% (based on the 1,424,016 total outstanding Units as disclosed in the Rights Offering Circular and assuming the exercise by Reid of the 160,628 Rights held by him, in accordance with NI 62-103).

The Units and Rights are held by Reid for investment purposes and Reid's investment may be increased or decreased in the future as considered appropriate in light of Reid's investment objectives, market conditions and other factors and in accordance with the provisions of applicable securities legislation.

Reid is the President, the sole director and the indirect sole shareholder of Stornoway Portfolio Management Inc., the investment manager of the Issuer, and has overall responsibility for directing the investment decisions and execution of investment strategies for the Issuer.

SOURCE Ravensource Fund

For further information:

or to obtain a copy of the early warning report filed in respect of the above, please contact:

Scott R. Reid
30 St. Clair Avenue West, Suite 901
Toronto, Ontario
M4V 3A1
(416) 250-2845


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