Lysander Funds Ltd.

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Alternative

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Lysander-Canso Credit Opportunities Fund

The Fund’s objective is to achieve long term capital growth by investing in, or gaining exposure to, a diversified portfolio composed primarily of debt and money market securities.  The Fund will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds.

Lysander-Triasima All Country Long/Short Equity Fund

The Fund’s objective is to seek to provide long-term returns that are not correlated to major stock market indices by investing in, or gaining exposure to, primarily equity securities anywhere in the world.  The Fund will use alternative investment strategies such as engaging in short sales and purchasing securities on margin or with borrowed funds.