An anonymous director of Lysander Funds reports

SPECIAL DISTRIBUTION ESTIMATE FOR CANSO CREDIT INCOME FUND (THE "FUND")

Lysander Funds Ltd. has estimated special distributions for each class of units of Canso Credit Income Fund as follows.

Estimated special distributions

Based on information prepared as of Oct. 31, 2023, the fund estimates paying an additional distribution in respect of each class of units as follows:

• Class A units: 25.587 cents per unit;
• Class F units: 31.030 cents per unit.

The estimated special distributions will be payable on Dec. 29, 2023, to unitholders of record as of Dec. 29, 2023. The estimated special distributions will be paid on or about Jan. 3, 2024.

The estimated special distributions will be paid by the issuance of the same class of units of the fund, and immediately thereafter, each class of issued and outstanding units of the fund will be consolidated such that the number of issued and outstanding units of each class of the fund will not change.

The final amount of the special distribution will be announced as soon as it is finalized. The actual taxable amounts of all distributions for 2023, including the tax characteristics of the monthly cash and special distributions, will be reported to investment dealers (through CDS Clearing and Depository Services Inc.) in early 2024.

Lysander is the fund's manager and provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they be construed to be, legal or tax advice to any particular person.

Commissions, management fees and expenses all may be associated with investments funds. Please read the prospectus before investing. The fund is not guaranteed, its value changes frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of the fund on the Toronto Stock Exchange. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the fund and may receive less than the current net asset value when selling them. There are continuing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

We seek Safe Harbor.