Connor, Clark & Lunn Capital Markets Inc. Announces Exchange Ratio for the Merger of Connor, Clark & Lunn Conservative Income Fund and Connor, Clark & Lunn Conservative Income & Growth Fund

TORONTO, Feb. 1 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announced today the exchange ratio in connection with the merger (the "Merger") of Connor, Clark & Lunn Conservative Income & Growth Fund ("CCP") and Connor, Clark & Lunn Conservative Income Fund ("CCQ").

Pursuant to the Merger, each CCQ unitholder will automatically receive 0.398816 units of CCP for each CCQ unit held. This exchange ratio is based on the relative net asset value of CCQ and CCP as at the close of trading on the Toronto Stock Exchange ("TSX") on January 31, 2011. The merger is expected to become effective on or around February 2, 2011.

Details of the Merger are outlined in a joint information circular that has been sent to unitholders of CCQ and CCP in connection with their special meetings. Copies of the information circular are available on www.sedar.com and www.cclcapitalmarkets.com.

Connor, Clark & Lunn Conservative Income Fund and Connor, Clark & Lunn Conservative Income & Growth Fund are listed on the Toronto Stock Exchange under the symbols CCQ.UN and CCP.UN, respectively.

SOURCE Connor, Clark

For further information:

please visit www.cclcapitalmarkets.com or contact:

Neil Murdoch
President & CEO
Connor, Clark & Lunn Capital Markets Inc.
416-364-2839
nmurdoch@cclgroup.com

or

Darren Cabral
Vice President
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182 or 1-888-276-2258
dcabral@cclgroup.com

Profil de l'entreprise

Connor, Clark & Lunn Conservative Income Fund

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CC&L CONSERVATIVE INCOME & GROWTH FUND

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