TORONTO, Nov. 20,
2024 /CNW/ - Lysander Funds Limited announces
estimated special distributions for each class of units of Canso
Credit Income Fund ( the "Fund") (TSX: PBY.UN) as
follows:
Estimated Special Distribution
Based on information prepared as of October 31, 2024, the Fund estimates paying an
additional distribution ("Special Distribution") in respect
of each class of units as follows:
- Class A units: $0.19386
/unit
- Class F units: $0.22668
/unit
The estimated Special Distribution will be payable on
December 31, 2024, to unitholders of
record as of December 31, 2024.
The estimated Special Distribution will be paid on or about
January 2, 2025.
The estimated Special Distribution will be paid by the issuance
of the same class of units of the Fund, and immediately thereafter,
each class of issued and outstanding units of the Fund will be
consolidated such that the number of issued and outstanding units
of each class of the Fund will not change.
The final amount of the Special Distribution will be announced
as soon as it is finalized. The actual taxable amounts of all
distributions for 2024, including the tax characteristics of the
monthly cash and Special Distributions, will be reported to
investment dealers (through CDS Clearing and Depository Services
Inc. or "CDS") in early 2025.
Lysander Funds Limited ("Lysander") is the Fund's manager and
provides estimated distributions for information purposes only.
These estimates are not intended to be, nor should they be
construed to be, legal or tax advice to any particular
person.
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. If the units
are purchased or sold on the Toronto Stock Exchange, 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. There are ongoing fees and expenses associated
with owning units of an investment fund. An 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 Information
This press
release contains forward-looking statements with respect to the
estimated Special Distributions. By their nature, these
forward-looking statements involve certain risks and uncertainties
that could cause the actual distributions to differ materially from
those contemplated by the forward-looking statements.
Material factors that could cause the actual Special Distributions
to differ from the estimated Special Distributions between now and
the Fund's tax year-end, without limitation: the actual amounts of
income received by the Fund and the actual amount of capital gains
generated from the sales of securities.
The forward-looking statements are not historical facts but
reflect the current expectations of Lysander regarding future
results or events and are based on information currently available
to them. Certain material factors and assumptions were applied in
providing these forward-looking statements. All forward-looking
statements in this press release are qualified by these cautionary
statements. Lysander believes that the expectations reflected in
forward-looking statements are based upon reasonable assumptions;
however, Lysander can give no assurance that the actual results or
developments will be realized. These forward-looking statements are
subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Readers, therefore, should not place undue reliance
on any such forward-looking statements. Further, a forward-looking
statement speaks only as of the date on which such statement is
made. Lysander undertakes no obligation to publicly update any such
statement or to reflect new information or the occurrence of future
events or circumstances except as required by securities laws.
These forward-looking statements are made as of the date of this
press release.
SOURCE Canso Credit Income Fund