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Canso Select Opportunities Fund Declares Monthly Distribution and Provides Update on the Arrangement

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RICHMOND HILL, Ontario, July 25, 2018 (GLOBE NEWSWIRE) -- Lysander Funds Limited ("Lysander"), on behalf of Canso Select Opportunities Fund (TSE:SCW.UN) (the "Fund"), is pleased to announce that it is declaring a monthly cash distribution of $0.04166 per Class A unit and $0.04166 per Class F unit. The distribution is payable on or before August 15, 2018 to unitholders on record of the Fund at the close of business on July 30, 2018.

The Fund continues to work towards implementing the previously announced plan of arrangement (the "Arrangement") involving the  Fund,  its  unitholders  and  Canso  Select  Opportunities  Corporation ("CSOC"). The Fund is continuing the process with the Toronto Stock Exchange on the delisting of the Fund and with the TSX Venture Exchange on the listing of CSOC. Prior to the closing of the Arrangement, the Fund will continue to operate in the normal course.

Further details of the Arrangement are set out in the Arrangement Agreement and the Management Information Circular dated March 16, 2018, both of which have been filed by the Fund on SEDAR at www.sedar.com.

Lysander is the trustee and investment fund manager of the Fund. The head office of Lysander is located at 100 York Blvd., Richmond Hill, Ontario L4B 1J8.

For further information on Lysander, please visit www.lysanderfunds.com or manager@lysanderfunds.com or you can reach Lysander at 1-877-308-6979.

Richard Usher-Jones
President
Lysander Funds Limited
Tel. No. 416-640-4275
Fax No. 905-764-0000

Forward Looking Information

This  press  release  contains  forward-looking  statements  and  information  within  the  meaning  of applicable  securities  legislation.  Forward-looking  statements  can  be  identified  by  the  expressions "seeks", "expects", "believes", "estimates", "will", "target" and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of Lysander regarding future results or events and are based on information currently available to it. Certain material factors and assumptions   were   applied   in   providing   these   forward-looking   statements.   All   forward-looking statements in this press release are qualified by these cautionary statements. Lysander believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, Lysander can give no assurances that the actual results or developments will be realized. These forward- looking statements are subject to a number of risks and uncertainties that could cause actual results or events  to  differ  materially  from  current  expectations,  including  the  matters  discussed  under  "Risk

Factors" in the annual information form of the Fund dated March 23, 2018 and in the Management Information Circular dated March 16, 2018. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Lysander undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

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