Mr. Richard Usher-Jones of Lysander Funds reports
LYSANDER ESTABLISHES AUTOMATIC SECURITIES DISPOSITION PLAN IN UNITS OF CANSO CREDIT INCOME FUND
Lysander Funds Ltd. has established an automatic securities disposition plan (the 2026 ASDP) with respect to its holdings of Class A units of Canso Credit Income Fund (CCIF), in accordance with applicable Canadian securities legislation and Lysander's internal policies. The 2026 ASDP is expected to commence on April 15, 2026, and is designed to allow for an orderly disposition of the CCIF Class A units currently owned by Lysander. Class A units of CCIF are listed and traded on the Toronto Stock Exchange. CCIF is a reporting issuer under the securities legislation in each of the provinces and territories in Canada. Lysander is the investment fund manager of CCIF.
Under the 2026 ASDP, up to 1,561,297 Class A units of CCIF may be sold, at prevailing market prices, between April 15, 2026, and March 15, 2028. At the time of the establishment of the 2026 ASDP, Lysander was not aware of or in possession of any material non-public information about CCIF or its securities.
Lysander has engaged its dealer, Portfolio HiWay Inc. (PHW), to administer the 2026 ASDP. Lysander has provided clear trading parameters and other instructions in writing to PHW, specifying the number of Class A units to be sold, the minimum trade price, and the dates and frequency of sales. The 2026 ASDP prohibits PHW from consulting with Lysander regarding any sales under the 2026 ASDP and prohibits Lysander from disclosing to PHW any information concerning CCIF that might influence the execution of the 2026 ASDP.
The 2026 ASDP contains meaningful restrictions on the ability of Lysander to amend, suspend or terminate the 2026 ASDP that have the effect of ensuring that Lysander cannot benefit from material non-public information about CCIF.
This news release is made and will be available on SEDAR+, pursuant to the recommended practices set forth in Staff Notice 55-317, Automatic
Securities
Disposition
Plans, of the Canadian Securities Administrators. Information regarding transactions under the 2026 ASDP, as the case may be, may be accessed on SEDI.
About
Lysander
Funds Ltd.
Lysander is the investment fund manager of CCIF. The head office of Lysander is located at 3080 Yonge St., Suite 4000, Toronto, Ont., M4N 3N1.
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