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Canso Select Opportunities Corporation Announces the Termination of Its Wholly Owned Trust, Canso Select Opportunities Fund
RICHMOND HILL, Ontario, May 15, 2026 (GLOBE NEWSWIRE) -- Canso Select Opportunities Corporation (TSX Venture: CSOC.A, CSOC.B) (“CSOC”) announces that its wholly-owned trust, Canso Select Opportunities Fund (the “Fund”), will terminate effective May 15, 2026, following the transitional period previously disclosed to investors on February 1, 2018. As announced in earlier communications, the Fund historically maintained a pool of tax loss carry forwards that could be utilized to shelter taxable gai
About this update from Canso Select Opportunities Corp. Class A
[{"type":"text","content":"RICHMOND HILL, Ontario, May 15, 2026 (GLOBE NEWSWIRE) -- Canso Select Opportunities Corporation (TSX Venture: CSOC.A, CSOC.B) (“CSOC”) announces that its wholly-owned trust, Canso Select Opportunities Fund (the “Fund”), will terminate effective May 15, 2026, following the transitional period previously disclosed to investors on February 1, 2018.","length":347,"tagName":"p"},{"type":"text","content":"As announced in earlier communications, the Fund historically maintained a pool of tax loss carry forwards that could be utilized to shelter taxable gains of the Fund, provided that the trust continued to be maintained and certain other conditions were met. At that time, the Fund’s intention was to maintain its continued existence until such time as all or substantially all of those tax losses were utilized, or for so long as the benefits associated with maintaining and utilizing those losses, including current and potential cash tax savings, outweighed the costs of maintaining the Fund.","length":594,"tagName":"p"},{"type":"text","content":"Given that the holding period for many of the Fund’s investments was expected to be measured in years, and in light of the Fund’s available tax losses, it was anticipated that the “transitional period” could extend for several months to a year or longer. During this period, some new investments were made by the Fund, and some new investments were made directly by CSOC.","length":371,"tagName":"p"},{"type":"text","content":"The trustees of the Fund have determined that it is the appropriate time to wind-up the Fund given the diminishing tax benefits associated with maintaining the Fund. As a result, the Fund will terminate effective May 15, 2026. Upon termination, any remaining property or assets and liabilities of the Fund will be distributed to CSOC as the Fund’s sole unitholder.","length":364,"tagName":"p"},{"type":"text","content":"About CSOC","length":10,"tagName":"p"},{"type":"text","content":"CSOC is an Ontario-based investment holding company. CSOC’s investment objective is to provide long term capital growth to its shareholders. With its core holding in Lysander Funds Limited ("Lysander"), together with a portfolio of public and private investments, CSOC aims to generate returns that exceed average market returns over the long term. Consistent with this objective, the Corporatio...