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TORONTO, June 18, 2026 (GLOBE NEWSWIRE) — Lysander Funds Limited (“Lysander”), the manager of Canso Credit Income Fund (the “Fund”) (TSX: PBY.UN), today announced that the Fund intends to commence the use of repurchase and reverse repurchase transactions as part of its investment strategy to generate additional income and enhance portfolio efficiency in support of its investment objectives. The Fund may commence entering into these transactions on or about August 18, 2026, following its anticipated conversion from a closed-end fund to an exchange-traded fund, to be named Lysander-Canso Credit Income ActivETF, as previously announced in Lysander’s press release dated June 4, 2026.
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Repurchase and reverse repurchase transactions involve the sale or purchase of securities with an agreement to repurchase or resell such securities at a later date. These transactions will be entered into as part of the Fund’s investment strategies and will be used on a selective and opportunistic basis, depending on market conditions.
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The Fund’s use of these transactions will be subject to limits and conditions at least as stringent as those required by applicable securities regulations, including requirements relating to:
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- counterparty qualifications
- collateralization
- daily mark‑to‑market valuation
- overall exposure limits
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Lysander will provide written notice to unitholders of record of the Fund of the Fund’s intention to engage in repurchase and reverse repurchase transactions at least 60 days before it engages such transactions.
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For more details about the Fund, visit www.lysanderfunds.com.
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About Lysander Funds Limited
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Lysander is an independently owned investment fund manager partnered with experienced and independent portfolio managers to offer focused investment strategies for Canadian investors.
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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.
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Canso Credit Income Fund is located at 3080 Yonge Street, Suite 4000, Toronto, Ontario, M4N 3N1.
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For further information, please contact:
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Richard Usher-Jones
President
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 416-855-6515
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For further information on Lysander, please visit www.lysanderfunds.com, email [email protected] or you can reach Lysander at 1-877-308-6979.
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®Lysander Funds is a registered trademark of Lysander Funds Limited.
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This document may contain forward-looking statements. Statements concerning a fund’s or entity’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition are forward-looking statements. The words “believe”, “expect”, “anticipate”, “estimate”, “intend”, “aims”, “may”, “will”, “would” and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements. While Lysander considers these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect.
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