Connor, Clark & Lunn Capital Markets Inc. Declares Initial Distribution for Canadian 50 Advantaged Preferred Share Fund

TORONTO, June 20, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared the initial distribution for Canadian 50 Advantaged Preferred Share Fund for the period from inception on May 18, 2012 to June 30, 2012. The distribution amount is $0.14726 per Unit. The initial distribution amount represents an annualized current yield of 5.0% based on the initial offering price of $25.00 per Unit.

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Fund Trading
Symbol
Distribution
Amount
(per Unit)
Record
Date
Payable
Date
Distribution
Amount
Annualized
TSX Trading
Price Per Unit
as of
Jun. 19, 2012
Current
Yield
Canadian 50 Advantaged
Preferred Share Fund (Class A
& F Units)*
CPF.UN $0.14726 Jun. 29, 2012 Jul. 16, 2012 $1.25 $24.90 5.0%

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

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 eighteen investment vehicles, raising more than $2 billion in assets.

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 approximately $38 billion in financial assets.

 

 

SOURCE Connor, Clark

For further 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

Profil de l'entreprise

Connor, Clark & Lunn Capital Markets Inc.

Renseignements sur cet organisme

Canadian 50 Advantaged Preferred Share Fund (Class A & F Units)

Renseignements sur cet organisme


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