.jpg)
1 hour ago
3
Article content
TORONTO, May 08, 2026 (GLOBE NEWSWIRE) — Lysander Funds Limited (“Lysander”) announces today that on May 7, 2026, it disposed of 50,000 Class A units of Canso Credit Income Fund (“CCIF” or the “Issuer”) at a weighted average price of $16.30 per unit for gross proceeds of $815,006 through the facilities of the Toronto Stock Exchange (“TSX”) (the “Disposition”). Class A units of CCIF are listed and traded on the TSX (TSX: PBY.UN). 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.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Since the last early warning report filed by Lysander with respect to the Class A Units, Lysander has disposed of Class A Units pursuant to the Automatic Securities Disposition Plan (“ASDP”) as described in the press release issued by Lysander dated March 30, 2026. Accordingly, immediately prior to the Disposition, Lysander directly and indirectly owned and exercised control over approximately 1,239,402 Class A Units and 575 Class F Units, representing approximately 13.63% of the 9,091,620 issued and outstanding Class A Units on a partially diluted basis. Class F Units are convertible into Class A Units.
Article content
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
As a result of the Disposition, Lysander now has direct and indirect ownership and control of 1,189,402 Class A Units, representing approximately 13.08% of the 9,091,620 issued and outstanding Class A Units on a non-diluted basis, and 575 Class F Units, representing approximately 0.57% of the 101,599 issued and outstanding Class F Units. Accordingly, assuming all of the Class F Units held by Lysander were exercised for Class A Units (and no other Class F Units were exercised), Lysander would have direct and indirect control and direction over 1,189,977 Class A Units, representing approximately 13.09% of the 9,092,195 issued and outstanding units of Class A Units on a partially diluted basis after the Disposition. The total Class A Units and Class F Units owned by Lysander after the Disposition represented approximately 13.09% of the combined 9,092,195 Class A and Class F Units of the Issuer.
Article content
Article content
The Disposition, together with dispositions of Class A Units made since the last early warning report filed by Lysander on April 22, 2026, with respect to the Class A Units represent an aggregate decrease of approximately 2.11% Lysander’s ownership interest in the Issuer, on a non-diluted basis, and approximately 2.11% on a partially diluted basis.
Article content
The Class A Units held by Lysander are being held for investment purposes. Lysander may, depending on market, general economic, industry and other conditions and considerations, and in compliance with applicable securities laws, increase or decrease its respective ownership or control of Class A Units for investment purposes and to keep the Class A Units in circulation whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. The Disposition were sales made under the ASDP.
Article content
Lysander will file an early warning report (the “Early Warning Report”) with the securities regulators in each of the provinces of Canada with respect to the foregoing matters pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will appear on the Issuer’s profile on SEDAR+ at www.sedarplus.ca.
Article content
Canso Credit Income Fund is located at 3080 Yonge Street, Suite 4000, Toronto, Ontario, M4N 3N1.
Article content
For further information or to obtain a copy of the Early Warning Report filed in connection with this matter, please contact:
Article content
Richard Usher-Jones
President
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 416-855-6515
Article content
For further information on Lysander, please visit www.lysanderfunds.com, email [email protected] or you can reach Lysander at 1-877-308-6979.
Article content
Article content
Article content
Article content
Article content
Article content
English (US)