TORONTO, June 16, 2020 /CNW/ - Lysander Funds Limited
announces that effective July 1,
2020, Canso Credit Income Fund (TSX: PBY.UN) will
discontinue paying servicing fees, which are currently paid to
dealers that have investors who hold Class A units of the
Fund. The Fund believes ceasing to pay servicing fees will
bring it in line with most closed-end funds, which now typically do
not pay servicing fees. Lysander expects that this should
lower the management expense ratio of the Fund going
forward.
Commissions, management fees and expenses all may be
associated with investments funds. Please read the prospectus
before investing. The Fund is not guaranteed, its value changes
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 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.
This press release contains forward-looking statements. The
statements that are concerning the Canso Credit Income Fund's
objectives, goals, strategies, intentions, plans, beliefs,
expectations and estimates, and the business, operations, financial
performance and condition of Canso Credit Income Fund are
forward-looking statements. The words "believe", "expect",
"anticipate", "estimate", "intend", "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.
SOURCE Canso Credit Income Fund