Canadian 50 Advantaged Preferred Share Fund Declares Distribution

TORONTO, Dec. 18, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc., the Manager of Canadian 50 Advantaged Preferred Share Fund (the "Fund"), has declared a distribution of $0.1042 per Class A Unit and Class F Unit of the Fund to be paid on January 15, 2013 to Unitholders of record on December 31, 2012.  The distribution is equivalent to one-third of the current quarterly distribution per Unit.


Fund Trading
Symbol
Distribution
Amount
(per Unit)
Record
Date
Payable
Date
Distribution
Amount
Annualized
TSX Trading
Price Per Unit
as of
Nov. 20, 2012
Current
Yield
Canadian 50 Advantaged
Preferred Share Fund  (Class A
Units and Class F Units)*
CPF.UN $0.1042 Dec. 31, 2012 Jan. 15, 2013 $1.25 $24.65 5.1%

*Distributions are expected to be characterized as 100% return of capital.

The Fund's investment objectives are to provide (i) tax-advantaged quarterly cash distributions consisting primarily of returns of capital; and (ii) low-cost exposure to the total return approximating that of the BMO Capital Markets 50 Preferred Share Index (the "Preferred Share 50 Index").  The Preferred Share 50 Index is a market value weighted index created in 1992 to provide a benchmark representing the Canadian preferred share market and includes 50 Canadian preferred share issues that are listed on the Toronto Stock Exchange which satisfy specific inclusion criteria.

Connor, Clark & Lunn Capital Markets Inc. (CC&L Capital Markets) is a leading Canadian structured financial products investment firm that is focused on creating and managing high quality investment vehicles that will stand the test of time and ultimately allow our clients to achieve their personal financial goals. Formed in 2001, CC&L Capital Markets has designed, launched and currently manages several investment vehicles, raising approximately $2.2 billion in assets since 2004.

CC&L Capital Markets is part of the Connor, Clark & Lunn Financial Group.  Connor, Clark & Lunn Financial Group provides investment management services to individuals, advisors, pension plans, institutional investors and foundations.  The investment platform offers a broad range of traditional and alternative investment management services, including domestic and international equities and fixed income, hedge funds, private equity and infrastructure.

As Canada's only multi-boutique asset management firm, Connor, Clark & Lunn Financial Group is uniquely focused on creating the conditions for success for its clients, partners and employees.  The firm has offices in Vancouver, Edmonton, Calgary, Regina, Toronto, Ottawa and Montreal and through its affiliated investment managers is responsible for the investment of over $42 billion in assets under management.
 

 

SOURCE: Canadian 50 Advantaged Preferred Share Fund

For further information:

For more information, please visit www.cclcapitalmarkets.com or contact:

Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182
Toll Free: 1-888-276-2258
cclcapitalmarkets@cclgroup.com