Lysander Funds Limited Announces Canso Credit Income Fund’s Intention to Utilize Repurchase and Reverse Repurchase Transactions

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.

Repurchase and reverse repurchase transactions involve certain risks. In particular, there is a risk that a counterparty may fail to meet its obligations, which could result in a loss to the Fund or a delay in recovering assets. Although the Fund will receive collateral in connection with these transactions, the value of such collateral may decline and may be insufficient to cover the Fund’s exposure. The Fund may also experience delays in liquidating collateral or recovering securities or cash. The use of reverse repurchase transactions may result in leverage, which can increase the volatility of the Fund’s net asset value and may amplify losses. The Fund seeks to mitigate these risks by dealing with qualified counterparties and complying with applicable regulatory requirements.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange. If the units are purchased or sold on the Toronto Stock Exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in these documents.