Toronto, Dec. 21, 2022 (GLOBE NEWSWIRE) — Lysander Funds Limited (“Lysander”) today announced changes to distribution frequency, risk level and portfolio manager for certain mutual funds. The details of these changes are given below.
Change of transmission frequency
Effective December 22, 2022, the distribution frequency of Lysander-Canso Corporate Treasury and Lysander-Canso US Corporate Treasury Fund will change from quarterly to monthly.
Change in risk level
Lysander has changed the investment risk rating of Lysander-Crusader Equity Income Fund from “Medium” to “Medium-to-High” based on the investment risk rating system prescribed by the Canadian Securities Administrators. No change has been made to the Fund’s investment objectives.
Change in portfolio manager and investment strategies
Effective December 22, 2022, Lysander Balanced Income Fund will change its portfolio manager from Lysander Funds Limited to Canso Investment Advisors Limited.Canso”) and the Fund will cease to have sub-advisers. Prior to this change, Canso was a sub-advisor responsible for securities selection for the fund’s fixed income sub-portfolio. After the change of portfolio manager, Canso will continue to be responsible for the fixed income sub-portfolio but the equity sub-portfolio of the fund. Canso adopts a “bottom-up” approach to portfolio construction based on independent proprietary research and evaluation of private equity firms for the fund’s equity sub-portfolio. From time to time, the Fund may invest up to 100% of its net assets in other investment funds, including those that Lysander or its affiliates serve as investment fund managers, to gain exposure to certain securities or asset classes.
The fund’s investment objectives and management fees remain the same.
Lysander is the fund’s trustee and investment fund manager. Lysander’s headquarters are located at 3080 Yonge Street, Suite 3037, Toronto, Ontario M4N 3N1.
For more information about Lysander, please visit www.lysanderfunds.com, email [email protected] or reach Lysander at 1-877-308-6979.
Lysander Fund Limited
Phone. No. 416-640-4275
Fax number 416-855-6515
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance cannot be repeated.