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Lysander Funds Limited Announces Holdings in Canso Credit Income Fund
TORONTO, July 04, 2024 (GLOBE NEWSWIRE) -- Lysander Funds Limited ("Lysander") announced today that on July 3, 2024, it acquired: (i) pursuant to a Recirculation Agreement between Canso Credit Income Fund (TSX:PBY) (the "Issuer") and RBC Dominion Securities Inc. dated July 16, 2010, as amended, 683,100 unsettled Class A Units of the Issuer at a face value of $15.1200 per Class A Unit for a total value of $10,328,472, and (ii) 9,418 unsettled Class A Units of the Issuer at an average face value of $15.0979 per Class A Unit for a total value of $142,192.02 (collectively, the "Acquisition"). Lysander is the investment fund manager of the Issuer.
Prior to the Acquisition, Lysander directly and indirectly owned and exercised control over approximately 1,120,369 Class A Units and 575 Class F Units, representing approximately 12.30% of the 9,116,660 issued and outstanding Class A Units on a partially-diluted basis. Class F Units are convertible into ...