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PR Distribution Press Release July 13, 2017

TORONTO, July 13, 2017 /CNW/ – Lysander Funds Limited (“Lysander”) announces the July,
August and September 2017 cash distributions for the Lysander-Slater Preferred Share
ActivETF (TSX Symbol: PR). Unitholders of record at the close of business on July 31, 2017,
August 31, 2017 and September29, 2017 will receive a cash distribution of $0.037 per unit,
payable on or before August 15, 2017, September 15, 2017 and October 16, 2017
respectively.

See the Prospectus for more details on the Lysander-Slater Preferred Share ActivETF (“ETF”). This document is
not an invitation to invest in the ETF, nor does it constitute a public offering of sale. Commissions, trailing
commissions, management fees and expenses all may be associated with ETF investments. ETFs 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 the ETF 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 the ETF and may receive less than the current net asset value when selling them.

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For further information contact:
Lysander Funds Limited
Richard Usher-Jones, President
(416) 640 4275