OFFERING MEMORANDUMDownload PDF
Dated November 21, 2022
Offering Series F Units, Series A Units, Series C Units and Series O Units:
CANSO CORPORATE VALUE FUND
CANSO CORPORATE BOND FUND
CANSO CANADIAN BOND FUND
CANSO SHORT TERM AND FLOATING RATE INCOME FUND
CANSO US SHORT TERM AND FLOATING RATE FUND
CANSO FLOATING RATE INCOME FUND
(each a “Fund” and collectively the “Funds”)
This Offering Memorandum constitutes an offering of these securities and to those persons to whom they may be lawfully offered for sale. No securities commission or similar regulatory authority in Canada has reviewed this Offering Memorandum or has in any way passed upon the merits of the securities offered hereunder and any representation to the contrary is an offence. No prospectus has been filed with any such authority in connection with the securities offered hereunder. This Offering Memorandum is confidential and is provided to specific prospective investors for the purpose of assisting them and their professional advisors in evaluating the securities offered hereby and is not to be construed as a prospectus or advertisement or a public offering of these securities. No person is authorized to give any information or make any representation not contained in this Offering Memorandum in connection with the offering of the securities described herein and, if given or made, any such information or representation may not be relied upon.
The Funds and the securities offered under this Offering Memorandum are not registered with the United States Securities and Exchange Commission and may not be offered or sold in the United States.
Each of Canso Investment Counsel Ltd. (the “Investment Manager”) and PBY Capital Ltd. (“PBY Capital”), affiliates of Canso Fund Management Ltd. (the “Manager”), the manager of the Funds, may act as exempt market dealer in connection with the distribution of units of the Funds and the Investment Manager acts as investment adviser to the Funds, and each will be paid fees for its services by the Manager as set out this Offering Memorandum. As a result of these relationships, each of Canso Investment Counsel Ltd. and PBY Capital Ltd. is a related and/or connected issuer of each of the Funds. See “Corporate Governance – Services Provided by Related Registrants” for further details.