TORONTO, December 8, 2021 /CNW/ – CIBC Mellon today announced that Canso Fund Management Ltd (Canso) and Lysander Funds Limited (Lysander) have renewed their use of CIBC Mellon’s custodial services. In addition to custody, CIBC Mellon also provides fund administration to a number of Canso and the Lysander Funds.
CIBC Mellon provided custodial services for by Canso mutual funds since the company’s inception in 1997. The relationship has since extended to Lysander Funds, including closed-end funds and exchange-traded funds (ETFs) serving Canso Credit Income Fund and Lysander-Slater Preferred Share ActivETF .
“We continue to be entrusted with the savings of a growing number of fund investors that we carefully manage through economic and financial cycles. We are grateful for CIBC Mellon’s operational efficiency and resilience, particularly in the face of pandemic market volatility,” said Raj Vijh, Chief Operating Officer and Chief Financial Officer. “CIBC Mellon’s customer service culture and ability to resourcefully address trading and portfolio settlement challenges gives it an unparalleled market advantage.”
“We are happy to support Canso and Lysander as they strive to advance the long-term success of their investors,” said Ash Tahbazian, Chief Client Officer, CIBC Mellon. “Top managers like Lysander and Canso continue to face growing demands and market challenges, and we are proud to continue to earn their trust as a provider of investment operations.”
Canso Investment Counsel Ltd. is a private portfolio manager founded in 1997. Its activity is the fundamental evaluation of financial securities and the management of investment portfolios. Canso employs an in-depth value strategy focused on bottom-up stock selection.
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. You will usually pay brokerage fees to your dealer if you buy or sell mutual fund units on the Toronto Stock Exchange. If units are bought or sold on the Toronto Stock Exchange, investors may pay more than the current net asset value when buying units of the fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents containing key information about the fund. You will find more detailed information about the funds in these documents.
Lysander is an employee-owned Canadian investment fund manager that partners with experienced, independent portfolio managers to deliver specialized strategies that help investors achieve their long-term financial goals.
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.
About CIBC Mellon
CIBC Mellon is a Canadian company focused exclusively on the investment services needs of Canadian institutional investors and international institutional investors in Canada. Founded in 1996, CIBC Mellon is equally owned by The Bank of New York Mellon (BNY Mellon) and the Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon’s investment services solutions for institutions and corporations are delivered in close collaboration with our parent companies and include custody, multi-currency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. Like a September 30, 2021CIBC Mellon had more than 2.5 trillion Canadian dollars assets under administration for banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions including customers invest in Canada. CIBC Mellon is part of the BNY Mellon network which, at September 30, 2021 had US$45.3 trillion in assets in custody and/or under administration. CIBC Mellon is an authorized user of the trademark CIBC and certain trademarks of BNY Mellon, is the trademark of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term for either or both companies. www.cibcmellon.com
CIBC Mellon Media Contact:
Alexandra De CataCorporate Communications, 416-643-6126,
Canso/Lysander Media Contact:
Richard Usher Jones416-640-4275, [email protected]
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