Connor, Clark & Lunn Global Financials Fund II and Focused Global Trends Fund Merger Proposal Approved

TORONTO, Sept. 30, 2011 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announced today that unitholders of Connor, Clark & Lunn Global Financials Fund II ("GFT") have approved a proposal that will result in the merger of GFT with Focused Global Trends Fund ("FTF").  Unitholders of FTF had approved the merger proposal on September 20, 2011. The merger is expected to be implemented on or about October 3, 2011.

FTF will be the continuing fund and, as a result, unitholders of GFT will become unitholders of FTF.  FTF will be renamed Connor, Clark & Lunn Financial Opportunities Fund and the investment objectives and investment strategy of the fund will be amended in order to provide investors with an opportunity for capital appreciation by investing in an international portfolio of financial services companies actively managed by Guy de Blonay of Jupiter Asset Management Limited ("Jupiter").   Jupiter will be retained as the new investment sub-advisor of Connor, Clark & Lunn Financial Opportunities Fund.

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

Focused Global Trends Fund and Connor, Clark & Lunn Global Financials Fund II are listed on the Toronto Stock Exchange under the symbols FTF.UN and GFT.UN, respectively.

 

 

SOURCE CONNOR, CLARK

For further information:

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

Neil Murdoch
President & CEO
Connor, Clark & Lunn Capital Markets Inc.
(416) 364-2389
nmurdoch@cclgroup.com
Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
(416) 214-6182 or 1 (888) 276-2258
dcabral@cclgroup.com

 

Profil de l'entreprise

CONNOR, CLARK & LUNN GLOBAL FINANCIALS FUND II

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FOCUSED GLOBAL TRENDS FUND

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