Lysander Funds Limited Announces Holdings in Canso Credit Income Fund
2024年7月5日 - 6:03AM
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.UN) (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 Class A
Units.
As a result of the Acquisition, Lysander now
directly and indirectly owns and exercises control over 1,812,887
Class A Units on a non-diluted basis, representing 19.89% of the
9,116,085 issued and outstanding Class A Units, and 575 Class F
Units, representing approximately 0.27% of the 214,325 issued and
outstanding units of Class F Units. Accordingly, assuming all of
the Class F Units held by Lysander were exercised for Class A Units
(and no other Class F Units were exercised), Lysander would have
direct control and direction over 1,813,462 Class A Units,
representing approximately 19.89% of the 9,116,660 issued and
outstanding units of Class A Units on a partially-diluted basis
after the Acquisition. This represents an increase of approximately
7.59% from the 12.30% held prior to the Acquisition on a
partially-diluted basis.
The Class A Units held by Lysander as a result
of the Acquisition are being held for investment purposes and to
keep the units surrendered for redemption and recirculation issued
and outstanding, rather than being redeemed by the Issuer. Lysander
may, depending on market, general economic, industry and other
conditions and considerations, and in compliance with applicable
securities laws, increase or decrease its respective ownership or
control of Class A Units for investment purposes and to keep the
Class A Units in circulation whether through market transactions,
private agreements, treasury issuances, exercise of convertible
securities or otherwise.
Lysander will file an early warning report (the
“Early Warning Report”) with the securities
regulators in each of the provinces of Canada with respect to the
foregoing matters pursuant to National Instrument 62-103 The Early
Warning System and Related Take-Over Bid and Insider Reporting
Issues. A copy of the Early Warning Report will appear on the
Issuer’s profile on SEDAR+ at www.sedarplus.ca.
Canso Credit Income Fund is located at 3080
Yonge Street, Suite 4000, Toronto, Ontario, M4N 3N1.
For further information or to obtain a copy of
the Early Warning Report filed in connection with this matter,
please contact:
Richard Usher-JonesPresidentLysander Funds
LimitedTel. No. 416-640-4275Fax No. 416-855-6515
For further information on Lysander, please
visit www.lysanderfunds.com, email manager@lysanderfunds.com or you
can reach Lysander at 1-877-308-6979.