An anonymous director reports

LYSANDER ANNOUNCES CASH DISTRIBUTIONS FOR THE LYSANDER ACTIVETFS

Lysander Funds Ltd. has declared the January, February and March, 2024, cash distributions for each of Lysander-Slater Preferred Share ActivETF, Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF, respectively. The unitholders of record of each exchange-traded fund at the close of business on the distribution record date will receive a cash distribution in the amount indicated in the attached table based on the number of units held payable on or before the payment date.

                                    CASH DISTRIBUTIONS

ETF                                        Distribution     Distribution          Payment
                                               per unit      record date             date     

Lysander-Slater Preferred Share ActivETF        $0.0350    Jan. 31, 2024    Feb. 12, 2024
Lysander-Slater Preferred Share ActivETF        $0.0350    Feb. 29, 2024   March 11, 2024   
Lysander-Slater Preferred Share ActivETF        $0.0350   March 28, 2024   April 10, 2024   
Lysander-Canso Corporate Treasury ActivETF      $0.0060    Jan. 31, 2024    Feb. 12, 2024
Lysander-Canso Floating Rate ActivETF           $0.0505    Jan. 31, 2024    Feb. 12, 2024

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF 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 an ETF and may receive less than the current net asset value when selling them.