TORONTO, Dec. 13, 2016 /CNW/ - Lysander Funds Limited
announces that Canso Credit Income Fund (the "Fund") (TSX: PBY.UN)
will make the following distributions:
Monthly Cash distributions
Monthly distributions of $0.04166
per Class A Unit and per Class F Unit on or before each of
January 16, 2017, February 15, 2017 and March 15, 2017 (the "Payment Dates") to
unitholders of record of the Fund at the close of business on
December 30, 2016, January 31, 2017, and February 28, 2017, respectively (the
"Distribution Record Dates").
Estimated Special Distribution
Based on information prepared as of October 31, 2016, the Fund estimates paying an
additional distribution ("Special Distribution") in respect
of each class of units as follows:
- Class A units: $0.02/unit
- Class F units: $0.05/unit
The estimated Special Distribution will be payable on
December 30, 2016 to unitholders of
record as of December 30,
2016. The estimated Special Distribution will be paid on or
about January 3, 2017.
The estimated Special Distribution will be not be paid in cash,
rather by the issuance of units of the Fund, and immediately
thereafter, the issued and outstanding capital of the Fund will be
consolidated such that the number of issued and outstanding units
of the Fund will generally not change. As a result, there should be
no material change in net asset value per unit of the Fund.
The final amount of the Special Distribution will be announced
as soon as it is finalized. The actual taxable amounts of all
distributions for 2016, including the tax characteristics of the
monthly cash and non-cash Special Distribution, will be reported to
brokers (through CDS Clearing and Depository Services Inc. or
"CDS") in early 2017.
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.
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.
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. 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 Funds 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