RICHMOND HILL, Ontario, December 15, 2017 – Lysander Funds Limited (“Lysander”) announced today a reduction in the risk ratings of eight of its mutual funds and a change in the distribution frequency of one of its mutual funds.
In accordance with the new standardized methodology for classifying fund volatility mandated by the Canadian Securities Administrators, Lysander has lowered the investment risk rating of certain of its funds, as follows:
|Fund||Previous Risk Rating||New Risk Rating|
|Lysander-Canso Corporate Value Bond Fund||Low-to-Medium||Low|
|Lysander-Canso U.S. Credit Fund||Low-to-Medium||Low|
|Lysander-Canso Broad Corporate Bond Fund||Low-to-Medium||Low|
|Lysander-Canso Balanced Fund||Medium||Low-to-Medium|
|Lysander-Slater Preferred Share Dividend Fund||Medium||Low-to-Medium|
|Lysander-Roundtable Low Volatility Equity Fund||Medium||Low-to-Medium|
|Lysander-Fulcra Corporate Securities Fund||Medium||Low-to-Medium|
|Lysander-Canso Equity Fund||Medium-to-High||Medium|
In addition, Lysander has amended the frequency of distributions of Lysander-Roundtable Low Volatility Equity Fund to annually from monthly. No changes have been made to the investment objectives, investment strategies or management of any of the funds.
Lysander is the trustee and investment fund manager of the funds noted above. The head office of the Manager is located at 100 York Blvd., Richmond Hill, Ontario L4B 1J8.
For further information on Lysander, please visit www.lysanderfunds.com or email@example.com or you can reach Lysander at 1-877-308-6979.
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 905-764-0000