TORONTO, Dec. 16, 2015 /CNW/ – Lysander Funds Limited
("Lysander") announces that the Canso Credit Income Fund (the
"Fund") is expected to make a special distribution for its year
ending December 31, 2015 ("Special
Distribution"). Based on information prepared on behalf of
the Fund as of October 31, 2015, the
amount of the Special Distribution in respect of each class of
units of the Fund is estimated to be as follows:
- Class A units: $3.06/unit
- Class F units: $3.38/unit
The Special Distribution will be payable on December 31, 2015 to unitholders of record as of
December 31, 2015. The Special
Distribution will be paid on or about January 4, 2016.
The Special Distribution will be paid 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 2015, including the tax characteristics of
the monthly and Special Distribution, will be reported to brokers
(through CDS Clearing and Depository Services Inc. or "CDS") in
early 2016 however, as a result of the termination of the forward
agreement on June 30, 2015, it is
expected that the distributions for 2015 will be characterized
principally as capital gains.
This communication is intended for informational purposes
only. Commissions, management fees and expenses all may be
associated with investments funds. Please read the prospectus
before investing. The funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE Canso Credit Income Fund