Mr. Richard Usher-Jones reports

CANSO CREDIT INCOME FUND - RECIRCULATION OF CLASS A UNITS (TSX Ticker: PBY.UN)

Canso Credit Income Fund intends to recirculate Class A units of the fund (TSX ticker: PBY.UN) tendered for redemption under the fund's annual redemption privilege. This recirculation is in accordance with the fund's declaration of trust and a recirculation agreement between the fund and RBC Dominion Securities Inc. (RBC DS). Pursuant to the recirculation agreement, RBC DS shall use commercially reasonable efforts to find purchasers for 96,667 Class A units of the fund tendered for redemption on July 3, 2025, until 4 p.m. ET.

Only Class A units of the fund are listed on the Toronto Stock Exchange. 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 Toronto Stock Exchange, 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. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

We seek Safe Harbor.