Lysander Funds Limited is the investment fund manager of Canso Credit Income Fund (the “Fund”). Refer to the Fund’s Prospectus and disclosure documents available on sedar.com or Lysander’s website below for more details on the Fund before making an investment decision. This document is not an invitation to invest in the Fund nor does it constitute a public offering of sale. Applications for purchases in the Fund will only be considered on the terms of the Prospectus and public disclosure documents which may also be obtained from your Investment Professional. Each purchaser of units in the Fund may have statutory or contractual rights of action. The information in this document is subject to change without notice. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange (TSX). Only Class A units of the Fund are listed on the TSX. If the units are purchased or sold on the TSX, 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 the Fund. The Fund must prepare disclosure documents that contain key information about the Fund. You can find more detailed information about the Fund in these documents. The indicated rates of return are based on calculated net asset values per unit, which are net of management fees, operating expenses, any applicable performance fees and applicable taxes. These returns include changes in unit value and reinvestment of all distributions and do not take into account certain fees such as redemption fees or optional charges or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Historical fund returns for Class A are shown net of an annual management fee of 0.25%, a service fee of 0.40% and the Fund’s operating expenses. These returns are also net of a management fee of 0.50% received by the Manager from the Canso Credit Trust up to June 25, 2015, plus applicable performance fees and operating expenses. After June 25, 2015 the Canso Credit Trust terminated and the Manager receives an annual management fee of 0.75% from the Fund, plus applicable performance fees on Class A and F units as noted in the Fund’s applicable disclosure documents. There is no service fee paid on class F units. All fees quoted are exclusive of applicable taxes.

The Class A performance numbers shown may be different to the performance of the Class A units of CCIF that are listed on the TSX under the symbol PBY.UN.

Effective July 1, 2020, the Fund discontinued paying servicing fees on Class A units of the Fund.

¹Fixed income securities unrated by external agencies are assigned an internal Canso rating for Average Credit Quality.®Lysander Funds is a registered trademark of Lysander Funds Limited.