Mr. Richard Usher-Jones of Lynsander reports

LYSANDER PROPOSES CONVERSION OF CANSO CREDIT INCOME FUND INTO AN EXCHANGE-TRADED FUND

Lysander Funds Ltd., the manager of Canso Credit Income Fund, will hold a special meeting of unitholders of the fund on or about June 4, 2026.

At the meeting, unitholders of each class of the fund will be asked to approve the conversion of the fund from a closed-end investment fund into an exchange-traded fund, along with other related changes to facilitate and implement the conversion. Upon the effective date of the conversion, the fund is expected to be named Lysander-Canso Credit Income ActivETF.

Lysander believes that the conversion is expected to benefit existing unitholders of the fund because, as an exchange-traded fund, the fund will offer greater market liquidity and efficient trading. Following the conversion, the fund will be considered an alternative mutual fund within the meaning of National Instrument 81-102, Investment Funds.

Unitholders of record of the fund at the close of business on April 21, 2026, will be entitled to vote at the meeting and will be mailed a notice-and-access document outlining the procedures for accessing the management information circular. Details of the proposed conversion will be further described in the management information circular. If approved, the conversion is expected to be implemented on or about July 28, 2026, subject to obtaining a receipt for the final prospectus of the exchange-traded fund from the Canadian Securities Administrators and approval from the Toronto Stock Exchange.

All costs of the conversion, including with respect to the meeting, will be borne by Lysander, as manager of the fund.

About Lysander Funds Ltd.

Lysander is an independently owned investment fund manager partnered with experienced and independent portfolio managers to offer focused investment strategies for Canadian investors.

Lysander's goal is to increase the wealth of all Canadians and to empower advisors and investors with insights and expertise to make wise investment decisions.

Canso Credit Income Fund is located at 3080 Yonge St., Suite 4000, Toronto, Ont., M4N 3N1.

We seek Safe Harbor.