Canso Select Opportunities Corporation (CSOCA) Earnings Call Transcripts

Canso Select Opportunities Corporation's Latest Earnings Call - May 26, 2026

In the 2026 Annual General Meeting, Canso Select Opportunities Corporation (CSOCA:CA) reported a significant increase in the value of its investment in Lysander Funds Limited, which has tripled to $33 million since acquisition, alongside $5.8 million in dividends received. The company highlighted a strong performance in its equity portfolio, particularly with Quebecor, which has seen substantial price appreciation. Management emphasized their ongoing commitment to addressing the disparity between market price and intrinsic value, with a book value per share of $10.55 compared to a market price of $5.55.

Reported metrics

Guidance from management

Management is committed to addressing the market price and intrinsic value disparity, indicating ongoing discussions about potential strategies to alleviate this issue.

What management said

Are there any questions or comments on this motion? I will now call for a vote on the motion. All those in favor of the motion, please so signify by raising your right hand. Contrary, if any? The motion is carried. I declare that those nominated have been duly elected as directors of the corporation to hold office for the ensuing year or until their successors are elected or appointed. The next item of business is ...

I will now call for a vote on the motion. All those in favor of the motion, please so signify by raising your right hand. Contrary, if any? The motion is carried. If any shareholder is interested in the exact number of votes cast for or against any of the motions carried at this meeting, they may obtain particulars from the Secretary of this meeting. I direct that the scrutineers' report be annexed to the minutes o...

What analysts pressed on

Analysts expressed concerns regarding the significant gap between the market price and intrinsic value of CSOC shares. They are particularly focused on how management plans to communicate and rectify this disparity moving forward.

Main topics on the call

• Lysander Investment Performance — CSOC's investment in Lysander Funds Limited has grown from $12.25 million to $33 million, yielding a 3x return over three years. CEO Jason Bell stated, "In dividends alone, we received about half our initial investment b...
• Equity Portfolio Highlights — The equity portfolio has performed well, with Quebecor now representing the largest position after a significant price increase from the low $30s to over $65. Management expressed strong conviction in Quebecor's market p...
• Private Equity Exposure Reduction — Private equity exposure has decreased from 8% to 4% of total assets, attributed to both portfolio outperformance and favorable exits. This shift indicates a strategic focus on public securities.
• Market Price vs. Intrinsic Value — Management acknowledged the significant gap between the market value of $29 million and the intrinsic value of $55 million, with a book value per share of $10.55 compared to a market price of $5.55. They are exploring wa...

Read the full Canso Select Opportunities Corporation transcript (May 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Canso Select Opportunities Corporation earnings call transcripts on record, spanning May 26, 2022 to May 26, 2026. Based on this history, Canso Select Opportunities Corporation reports annually. The most recent call on file is dated May 26, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CSOCA

Exchange

TSXV

Country

CA

Sector

Financials

Industry

Capital Markets

Calls on record

4

First call

May 26, 2022

Most recent

May 26, 2026

Reporting cadence

annually