TORONTO, March 26, 2026 – Lysander Funds Limited (“Lysander”), the manager of Canso Credit Income Fund (the “Fund”) (TSX: PBY.UN), announces that a special meeting of unitholders (“Unitholders”) of the Fund will be held on or about June 4, 2026 (the “Meeting”).
At the Meeting, Unitholders of each class of the Fund will be asked to approve the conversion of the Fund from a closed-end investment fund into an exchange-traded fund (the “Conversion”), along with other related changes to facilitate and implement the Conversion. Upon the effective date of the Conversion, the Fund is expected to be named “Lysander-Canso Credit Income ActivETF”.
Lysander believes that the Conversion is expected to benefit existing Unitholders of the Fund because, as an exchange-traded fund, the Fund will offer greater market liquidity and efficient trading. Following the Conversion, the Fund will be considered an “alternative mutual fund” within the meaning of National Instrument 81-102 – Investment Funds.
Unitholders of record of the Fund at the close of business on April 21, 2026 will be entitled to vote at the Meeting and will be mailed a notice-and-access document outlining the procedures for accessing the management information circular. Details of the proposed Conversion will be further described in the management information circular. If approved, the Conversion is expected to be implemented on or about July 28, 2026, subject to obtaining a receipt for the final prospectus of the exchange-traded fund from the Canadian Securities Administrators and approval from the Toronto Stock Exchange.
All costs of the Conversion, including with respect to the Meeting, will be borne by Lysander, as manager of the Fund.
For more details about the Fund, visit www.lysanderfunds.com.
About Lysander Funds Limited
Lysander is an independently owned investment fund manager partnered with experienced and independent portfolio managers to offer focused investment strategies for Canadian investors.
Our goal at Lysander is to increase the wealth of all Canadians and to empower advisors and investors with insights and expertise to make wise investment decisions.
Canso Credit Income Fund is located at 3080 Yonge Street, Suite 4000, Toronto, Ontario, M4N 3N1.
For further information, please contact:
Richard Usher-Jones
President
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 416-855-6515
For further information on Lysander, please visit www.lysanderfunds.com, email manager@lysanderfunds.com or you can reach Lysander at 1-877-308-6979.
®Lysander Funds is a registered trademark of Lysander Funds Limited.