Mr. Richard Usher-Jones reports

LYSANDER ANNOUNCES ESTIMATED TAX YEAR END DISTRIBUTIONS FOR THE LYSANDER ACTIVETFS

Lysander Funds Ltd. has estimated cash distributions for each of Lysander-Slater Preferred Share ActivETF, Lysander-Canso Corporate Treasury ActivETF and Lysander-Canso Floating Rate ActivETF for the 2025 tax year.

Estimated tax year ending Dec. 15, 2025, cash distribution

The estimated tax year-end cash distributions are based on information available as of Oct. 31, 2025. These amounts reflect forward-looking information, and the actual distributions may differ from these estimates. Details of the estimated distribution amounts are as follows.

Lysander expects to announce the final tax year-end cash distributions as soon as the amounts are finalized for the tax year ending Dec. 15, 2025. The final tax year-end cash distributions will be based on the units outstanding on the record date of Dec. 31, 2025. The actual taxable amounts of all distributions for 2025, including the tax characteristics of the monthly cash distributions, will be reported to investment dealers through Clearing and Depository Services Inc. in early 2026.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Distributions are based on the actual number of units outstanding on the record date. Distributions are paid in cash, and an investor who receives these distributions should expect that the value of an investment will decline over time. Distributions are not an indication of performance, rate of return or yield. If the fund's net income/capital gains is less than the amounts distributed in the tax year, the distribution will include a return of capital.

We seek Safe Harbor.