Cinnamon Investments Limited Announces Appointment of New Investment Advisor to the Ravensource Fund

    TORONTO, Nov. 1 /CNW/ - Cinnamon Investments Limited, the manager of the
Ravensource Fund (the "Fund") (TSX: RAV.UN), announced that effective today,
November 1, 2007, Stornoway Portfolio Management Inc. has been appointed as
the new investment advisor to the Fund, replacing McElvaine Investment
Management Ltd. There will be no increase in expenses to the Fund as a result
of the change of investment advisor because the manager, Cinnamon Investments
Limited, is responsible for paying the fees of the investment advisor.
    Stornoway Portfolio Management Inc. currently acts as the investment
advisor for Stornoway Recovery Fund LP. Stornoway Portfolio Management Inc.,
in its capacity as the investment advisor for Stornoway Recovery fund LP,
capitalizes on investment opportunities that arise from companies that are
experiencing financial distress. Additional information relating to Stornoway
Portfolio Management Inc. is available on its website at
    The Fund is a closed-end investment trust whose investment objective is
to achieve absolute annual returns, with an emphasis on capital gains, through
investment in selected North American securities. The investment objective
will not change as a result of the appointment of the new investment advisor.

For further information:

For further information: Cinnamon Investments Limited, 60 Bedford Road,
Toronto, Ontario, M5R 2K2, Attention: Patrick W.E. Hodgson, Telephone: (416)
975 9501 ext. 222, Fax: (416) 975-0988, Email:

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