TORONTO, July 23, 2013 /CNW/ - Canadian 50 Advantaged Preferred Share
Fund (the "Fund") has received approval for a normal course issuer bid
to purchase up to 459,201 Class A units of the Fund representing
approximately 10% of the public float of 4,592,019 Class A units. The
Fund may purchase up to 91,902 Class A units in any 30 day period which
is 2% of the 4,595,119 issued and outstanding Class A units at July 19,
The Class A units may be purchased for cancellation from July 25, 2013
to July 24, 2014 through the facilities of the TSX or other eligible
alternative markets. Connor, Clark & Lunn Capital Markets Inc., the
manager of the Fund, believes that such purchases are in the best
interest of the Fund and are a desirable use of its available funds.
Canadian 50 Advantaged Preferred Share Fund trades on the Toronto Stock
Exchange under the symbol CPF.UN.
Commissions, management fees and expenses all may be associated with
investment funds. Please read the Fund's publicly filed documents which
are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated.
SOURCE: Connor, Clark & Lunn Capital Markets Inc.
For further information:
For more information, please visit www.cclcapitalmarkets.com or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
(416) 214-6182 or 1 (888) 276-2258