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TORONTO, May 5 /CNW/ - Lysander Funds Limited is pleased to announce
that Canso Credit Income Fund (TSX: PBY.UN) (the "Fund") has filed a
preliminary short form prospectus in each of the provinces of Canada
with respect to an additional offering of Class A Units and Class F
Units (collectively the "Units") of the Fund.
The Fund seeks to achieve the following investment objectives: (i) to
maximize total returns for unitholders on a tax-advantaged basis, while
reducing risk; and (ii) to provide unitholders with attractive monthly
tax-advantaged cash distributions.
The syndicate of agents for the offering is led by RBC Capital Markets
and includes CIBC World Markets Inc., GMP Securities L.P., Scotia
Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc.,
Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Raymond James
Ltd., MGI Securities Inc. and Wellington West Capital Markets Inc.
A preliminary prospectus containing important information relating to
the Units has been filed with securities commissions or similar
authorities in all provinces of Canada. The preliminary prospectus is
still subject to completion or amendment. Copies of the preliminary
prospectus may be obtained from your registered financial advisor.
There will not be any sale or any acceptance of an offer to buy the
Units until a receipt for the final prospectus has been issued.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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 Funds Limited considers these
risks and uncertainties to be reasonable based on information currently
available, they may prove to be incorrect. 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, including the matters discussed under "Risk Factors" in
the Fund's current Annual Information Form. Readers, therefore, should
not place undue reliance on any such forward-looking statements.
These forward-looking statements are made as of the date of this press
release. Lysander Funds Limited and the Fund undertake 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
SOURCE Canso Credit Income Fund
For further information:
Lysander Funds Limited
Richard Usher-Jones, President