July 23 (Reuters) - Tree Island Steel Ltd TSL.TO :
* RATIONAL INVESTMENT GROUP DELIVERS LETTER TO THE SPECIAL COMMITTEE OF TREE ISLAND STEEL
* RATIONAL INVESTMENT GROUP - TREE ISLAND IS CONSERVATIVELY WORTH $4.49 PER SHARE
* RATIONAL INVESTMENT GROUP - DELIVERED A LETTER TO TREE ISLAND RELATED TO NON-BINDING PROPOSAL TO TAKE COMPANY PRIVATE AT $2.25 PER SHARE
* RATIONAL INVESTMENT GROUP SAYS EXPECT TREE ISLAND'S UPCOMING Q2 RESULTS WILL BE POOR DUE TO LINGERING EFFECTS OF THE TARIFFS
* RATIONAL INVESTMENT GROUP - TREE ISLAND STEEL SHOULD NEGOTIATE A BETTER PRICE OR RECOMMEND THAT INSIDER OFFER BE REJECTED
* RATIONAL INVESTMENT GROUP SAYS EXPECT THAT BY H2, CO'S REPORTED RESULTS WILL BEGIN TO REFLECT THE BENEFITS OF CAPITAL INVESTMENT DEVELOPMENTS
* RATIONAL INVESTMENT GROUP - BELIEVE TREE ISLAND SHARES TRADE AT A SIGNIFICANT DISCOUNT TO THEIR INTRINSIC VALUE
* RATIONAL INVESTMENT GROUP - ESTIMATE THAT TREE ISLAND'S OWNED REAL ESTATE IS WORTH APPROXIMATELY $83 MILLION
* RATIONAL INVESTMENT GROUP - URGE TREE ISLAND STEEL TO HAVE PWC PREPARE OR OTHERWISE OBTAIN AN APPRAISAL OF ITS OWNED REAL ESTATE