Terms of use

By accessing Lysander Funds Limited’s (“Lysander”) website or any of its pages, or having correspondence with an email address that ends in (a “Lysander email”), you understand, accept and agree to the terms set out herein. If you do not accept and agree, do not access Lysander’s website or any of its pages, or have further correspondence with a Lysander email.

The information posted on Lysander’s website or communicated through a Lysander email is not an offer to sell or a solicitation to buy any security nor does it constitute an offer by Lysander to provide investment advisory services. Contents on this website or in communications from a Lysander email is provided on an “as is” basis and is subject to change and periodic revision at any time. Certain information posted on Lysander’s website or communication through a Lysander email has been derived or obtained from sources believed to be trustworthy and/or reliable. Lysander does not assume responsibility for the accuracy, currency, reliability or correctness of information received from other parties. Lysander, its affiliates, the directors, officers and employees of the foregoing, or content providers will not be responsible in any manner for direct, indirect, special or consequential damages howsoever caused, in connection with or arising out of the use of Lysander’s website or communications from a Lysander email. Investors must contact their own Investment Professionals for any additional information.

No investment recommendations or professional advice

The information and materials on Lysander’s website or in communications from a Lysander email are provided for informational purposes only. They are not intended as investment, financial, legal, accounting, tax or other advice and should not be relied upon in that regard. All information herein with respect to any investment fund is qualified in its entirety by the more detailed information contained in each fund’s offering documents. Each potential investor should read the offering documents in their entirety and should carefully consider the risk warnings and disclosures set out therein before making an investment decision.

The information and materials on Lysander’s website or communications from a Lysander email should not be considered a recommendation to buy, sell or short a particular security. Any specific securities discussed are intended as an illustration of a portfolio manager’s security selection process. The funds may sell these securities at any time, or purchase securities that have previously been sold. The securities or short positions may increase or decrease in value after the date hereof, and the funds may accordingly gain or lose money on the investment in the securities. The statements by the portfolio managers in their commentaries are intended to illustrate their approach in managing the funds, and should not be relied upon for any other purpose.

For Canadian Residents

Lysander’s website is solely for investors or prospective investors resident in Canada.

Lysander and Canso Funds

Lysander is the investment fund manager (“IFM”) of the Lysander Funds, ETF and Closed-end Fund.  Canso Fund Management Ltd. (“CFM”) is the IFM of the Canso Funds.  Employees and personnel are acting on behalf of Lysander in respect of the Lysander Funds, ETF and Closed-end Fund and on behalf of CFM in respect of the Canso Funds.

Purchases in the Canso Funds or Lysander Funds, ETF and Closed-end Fund can only be made through an Investment Professional on the terms in a fund’s offering memorandum, prospectus or simplified prospectus by qualified investors. For example, only accredited investors may invest in funds sold via an offering memorandum.  Each purchaser of units in a fund may have statutory or contractual rights of action. The information in these documents are subject to change without notice.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the applicable offering memorandum, prospectus or simplified prospectus before investing.

Unless otherwise specified, 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.  Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Investment funds are not guaranteed; their values change frequently and past performance may not be repeated.

You will usually pay brokerage fees to your dealer if you purchase or sell units of funds listed on the Toronto Stock Exchange (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 these investment funds and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of a closed-end fund.  These 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.

Forward Looking Statements

Lysander’s website or communications from a Lysander email may contain forward-looking statements. Statements concerning a fund’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of the fund 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 important risks and uncertainties that could cause actual results to differ materially from current expectations. While Lysander considers these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect. The content on Lysander’s website or communications from a Lysander email is subject to change without notice.  Information given on a particular date may no longer be current when Lysander’s website or the communication is accessed on a later date.

Links to Other Sites

Links to non-Lysander websites are provided solely as pointers to information on topics that may be useful to users of the Lysander website or communications from a Lysander email. Lysander does not control the content on such non-Lysander websites. Lysander makes no warranties, either express or implied, concerning the content of such websites, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does Lysander warrant that such website or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such website or content is free of viruses or other contamination. Lysander does not guarantee the authenticity of any document on the Internet. Links to non-Lysander sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites.

Other websites which may provide access to Lysander’s site by hypertext links are entirely independent of Lysander’s site. Any direction by a third party to Lysander’s site shall not, in any manner, be construed as an endorsement by Lysander of such party’s website, products or services.

Social Media

Lysander’s social media accounts may follow other users, share or provide hyperlinks to third-party content and “like/favourite” third-party content. Doing so is intended to provide additional perspective and should not be construed as an endorsement for any individuals, services, products, guidance or points of view. Comments and opinions posted by users are the responsibility of the person who posts them. Lysander does not endorse or guarantee the accuracy of the content posted by others. Any opinions expressed by our followers are those of the persons submitting the comments and do not necessarily represent the views of Lysander.

Lysander reserves the right to block any follower who posts content that is deemed inappropriate or offensive or that constitutes a testimonial, advice, recommendation or advertisement for securities, products or services or that is promotional in nature. Lysander also reserves the right to block followers whose social media pages contain offensive or inappropriate content or serve as promotional sites.

Trade-marks and Copyrights

Certain names, words, titles, phrases, logos, icons, graphics or designs on the pages of Lysander’s website or in communications from a Lysander email may constitute trade names, registered or unregistered trade-marks or service marks of Lysander Funds Limited or other third parties. ®Lysander Funds is a registered trademark of Lysander Funds Limited.

Governing Law

Your access to and terms of use of the Lysander website, is governed by the laws of the Ontario, Canada and the federal laws of Canada applicable in that province.


Information included in Lysander emails are intended for the use of the individual(s) or entities named and should be treated as privileged, confidential, private and exempt from disclosure under any applicable law. If the reader is not the intended recipient, any dissemination, distribution, copying or use of any kind of this communication is strictly prohibited. If you have received an email from Lysander in error, please notify the sender immediately and destroy all copies of the email.