{"id":404437,"date":"2020-12-22T08:33:30","date_gmt":"2020-12-22T13:33:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404437"},"modified":"2020-12-22T08:33:30","modified_gmt":"2020-12-22T13:33:30","slug":"lysander-funds-limited-announces-changes-for-certain-funds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/","title":{"rendered":"Lysander Funds Limited Announces Changes for Certain Funds"},"content":{"rendered":"
\n

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Lysander Funds Limited (\u201cLysander<\/strong>\u201d) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds. Details of these changes are set out below.<\/p>\n

\n Changes in the Use of Derivatives<\/strong>\n <\/p>\n

Effective December 23, 2020, Lysander-Canso Corporate Value Bond Fund may use derivatives not only for hedging purposes, but also for non-hedging purposes. Currently, the fund may use derivatives such as forwards, options, swaps and other derivative instruments for hedging purposes such as to hedge some or all of its foreign currency exposure or to provide protection for the fund\u2019s portfolio. Commencing on December 23, 2020, the fund may also use derivatives for non-hedging purposes to enhance returns or to gain exposure to securities without buying such securities directly.<\/p>\n

Effective on or about March 1, 2021, Lysander Balanced Income Fund will commence the use of derivatives. The fund may use derivatives such as forwards, options, swaps and other derivative instruments for hedging purposes such as to hedge some or all of its foreign currency exposure or to provide protection for the fund\u2019s portfolio. The fund will provide its unitholders with at least 60-days\u2019 prior written notice with respect to the commencement of the use of derivatives by the fund.<\/p>\n

Each fund will only use derivatives as permitted by Canadian securities regulatory authorities.<\/p>\n

\n Change in Portfolio Manager and Addition of Sub-Advisor<\/strong>\n <\/p>\n

Effective on or about January 31, 2021, Lysander Balanced Income Fund will change its portfolio manager from Canso Investment Counsel Ltd. (\u201cCanso<\/strong>\u201d) to Lysander. Canso will become a sub-advisor to Lysander in respect of the fund. Triasima Portfolio Management Inc. (\u201cTriasima<\/strong>\u201d), currently a sub-advisor in respect of the fund, will remain as sub-advisor.<\/p>\n

As portfolio manager, Lysander will be responsible primarily for the overall asset allocation for the fund. As sub-advisors, Canso will be responsible primarily for managing the fixed income investments and Triasima will be responsible primarily for the equity investments.<\/p>\n

The fund\u2019s investment objectives, investment strategies and management fees remain the same.\u00a0\u00a0<\/p>\n

\n Changes in Risk Ratings<\/strong>\n <\/p>\n

In accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators, the investment risk rating of certain funds has changed, as follows:<\/p>\n\n\n\n\n
\n Fund<\/strong>\n <\/td>\n\n Previous Risk Rating<\/strong>\n <\/td>\n\n New Risk Rating<\/strong>\n <\/td>\n<\/tr>\n
Lysander-Canso Balanced Fund<\/td>\nLow-to-Medium<\/td>\nMedium<\/td>\n<\/tr>\n
Lysander-Canso Equity Fund<\/td>\nMedium<\/td>\nMedium-to-High<\/td>\n<\/tr>\n<\/table>\n

No changes have been made to the investment objectives of these funds.
______________________________________________________________________________<\/u><\/p>\n

Lysander is the trustee and investment fund manager of the funds noted above. The head office of Lysander is located at 3080 Yonge Street, Suite 3037, Toronto, Ontario M4N 3N1.<\/p>\n

For further information on Lysander, please visit www.lysanderfunds.com<\/a>, email manager@lysanderfunds.com or you can reach Lysander at 1-877-308-6979.<\/p>\n

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.<\/p>\n

Richard Usher-Jones
President
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 416-855-6515<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Lysander Funds Limited (\u201cLysander\u201d) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds. Details of these changes are set out below. Changes in the Use of Derivatives Effective December 23, 2020, Lysander-Canso Corporate Value Bond Fund may use derivatives not only for hedging purposes, but also for non-hedging purposes. Currently, the fund may use derivatives such as forwards, options, swaps and other derivative instruments for hedging purposes such as to hedge some or all of its foreign currency exposure or to provide protection for the fund\u2019s portfolio. Commencing on December 23, 2020, the fund may also use derivatives for non-hedging purposes to … <\/p>\n

Continue reading “Lysander Funds Limited Announces Changes for Certain Funds”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404437","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Lysander Funds Limited (\u201cLysander\u201d) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds. Details of these changes are set out below. Changes in the Use of Derivatives Effective December 23, 2020, Lysander-Canso Corporate Value Bond Fund may use derivatives not only for hedging purposes, but also for non-hedging purposes. Currently, the fund may use derivatives such as forwards, options, swaps and other derivative instruments for hedging purposes such as to hedge some or all of its foreign currency exposure or to provide protection for the fund\u2019s portfolio. Commencing on December 23, 2020, the fund may also use derivatives for non-hedging purposes to … Continue reading "Lysander Funds Limited Announces Changes for Certain Funds"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T13:33:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lysander Funds Limited Announces Changes for Certain Funds\",\"datePublished\":\"2020-12-22T13:33:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/\"},\"wordCount\":497,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/\",\"name\":\"Lysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=\",\"datePublished\":\"2020-12-22T13:33:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lysander-funds-limited-announces-changes-for-certain-funds\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lysander Funds Limited Announces Changes for Certain Funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/","og_locale":"en_US","og_type":"article","og_title":"Lysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk","og_description":"TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Lysander Funds Limited (\u201cLysander\u201d) announced today changes in the use of derivatives, portfolio manager, sub-advisor and risk rating for certain of its mutual funds. Details of these changes are set out below. Changes in the Use of Derivatives Effective December 23, 2020, Lysander-Canso Corporate Value Bond Fund may use derivatives not only for hedging purposes, but also for non-hedging purposes. Currently, the fund may use derivatives such as forwards, options, swaps and other derivative instruments for hedging purposes such as to hedge some or all of its foreign currency exposure or to provide protection for the fund\u2019s portfolio. Commencing on December 23, 2020, the fund may also use derivatives for non-hedging purposes to … Continue reading \"Lysander Funds Limited Announces Changes for Certain Funds\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T13:33:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lysander Funds Limited Announces Changes for Certain Funds","datePublished":"2020-12-22T13:33:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/"},"wordCount":497,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/","name":"Lysander Funds Limited Announces Changes for Certain Funds - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=","datePublished":"2020-12-22T13:33:30+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjE3NCMzODkyMzY2IzIwODk1ODY="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lysander-funds-limited-announces-changes-for-certain-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Lysander Funds Limited Announces Changes for Certain Funds"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/404437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=404437"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/404437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=404437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=404437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=404437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}