GlobeNewsWire
04 Jun 2026, 19:40 UTC · 1h ago
Lysander Funds Limited Announces Unitholder Meeting Approval for Conversion of Canso Credit Income Fund into an Exchange-Traded Fund
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GlobeNewsWire
04 Jun 2026, 19:40 UTC · 1h ago
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Unitholders approved the conversion of Canso Credit Income Fund (TSX: PBY.UN) from a closed-end fund into an exchange-traded fund (ETF). — Conversion to an ETF typically improves liquidity and narrows the gap between market price and net asset value, which is generally positive for shareholders.
+0.40The conversion is expected to be implemented on or about July 28, 2026, pending regulatory and exchange approvals. — Provides a clear timeline for the structural change, though it is subject to standard administrative approvals.
+0.10The fund will be renamed 'Lysander-Canso Credit Income Activ ETF' and classified as an 'alternative mutual fund'. — This is a naming and classification change that does not fundamentally alter the fund's underlying credit strategy.
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The fund's conversion to an ETF is expected to benefit unitholders by providing greater market liquidity and more efficient trading.
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