06:33 AM EDT, 07/05/2024 (MT Newswires) -- John Carswell on Thursday said Lysander Funds, which Carswell owns, purchased additional class A units of Canso Credit Income Fund (PBY-UN.TO).

As a result of the purchase, Carswell's indirect ownership of Canso increased by 408,655 class A units. Carswell now has beneficial ownership of around 1.5 million class A units representing about 16% of the 9.1 million issued and outstanding class A units on a non-diluted basis, as well as 340 class F units representing about 0.16% of the 214,325 issued and outstanding class F units.

The class A units acquired are being held for investment purposes and to keep the units surrendered for redemption and recirculation.