Lysander Funds Unveils Cash Distributions for ActivETFs
Understanding Lysander's Cash Distributions
Lysander Funds Limited, a notable player in the investment fund industry, has announced exciting news regarding cash distributions for their Lysander-Canso ActivETFs. These distributions are crucial for unitholders as they reflect the ongoing performance of the funds. It's vital for investors to be aware of how these distributions work and what they mean for their investments.
Distribution Details of Lysander-Canso ActivETFs
The cash distribution announcements pertain to the Lysander-Canso Corporate Treasury ActivETF and the Lysander-Canso Floating Rate ActivETF, commonly recognized as LYCT and LYFR respectively on the TSX. Each of these Exchange-Traded Funds (ETFs) will see distributions that align with the number of units held by unitholders.
Lysander-Canso Corporate Treasury ActivETF
For the Lysander-Canso Corporate Treasury ActivETF, the distribution per unit is set at $0.0053. This distribution will be applicable to all unitholders on record as of the distribution record date, which is September 27, 2024. A more profound highlight is that the payment date for these distributions is scheduled for October 10, 2024.
Lysander-Canso Floating Rate ActivETF
In addition, the Lysander-Canso Floating Rate ActivETF will provide a distribution of $0.0385 per unit. Like its counterpart, the distribution record date is September 27, 2024, with payments also made on October 10, 2024. This structure offers unitholders a clear timeline for when they can expect to receive these funds.
Investment Considerations
Investing in ETFs, such as those offered by Lysander, brings various fees, commissions, and expenses to consider. It’s essential for investors to read the relevant prospectus and understand that investment values can fluctuate. This means while past performance is important, it does not guarantee future returns. Understanding these dynamics is crucial before making investment decisions.
The Importance of Transparency in Investments
The cash distribution announcements are part of Lysander's efforts to maintain transparency with its investors. Clear communication regarding distribution dates and amounts is vital for fostering trust and assisting investors in managing their financial planning effectively.
Closing Thoughts
As Lysander Funds continues to announce these cash distributions, it demonstrates their commitment to supporting unitholders with timely and relevant financial information. Investors keeping track of these announcements can better navigate their investment strategies and maximize their returns in the ever-evolving financial landscape.
Frequently Asked Questions
What are the cash distributions for Lysander's ActivETFs?
Lysander has announced cash distributions of $0.0053 for the Corporate Treasury ActivETF and $0.0385 for the Floating Rate ActivETF.
When are the payment dates for these distributions?
The payment dates for both ActivETFs are set for October 10, 2024.
How are the distributions calculated?
Distributions are based on the number of units held by unitholders on the distribution record date.
Why is it important to read the prospectus?
The prospectus contains vital information regarding fees, risks, and the investment objectives of the funds, making it essential for informed decision-making.
Are cash distributions guaranteed?
No, distributions are not guaranteed and depend on the fund's performance and management decisions.
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