TORONTO, Sept. 29, 2011 /CNW/ - Connor, Clark & Lunn Capital Markets
Inc. is pleased to announce that the Connor, Clark & Lunn 2009
Flow-Through Limited Partnership (the "Partnership") has completed a
mutual fund rollover transaction pursuant to which the net assets of
the Partnership were transferred on a tax-deferred basis to the Connor,
Clark & Lunn Natural Resources Class (the "Resources Class") of Connor,
Clark & Lunn Capital Class Inc., an open-ended mutual fund corporation,
in exchange for shares of the Resources Class. Shares of the Resources
Class will be distributed shortly to limited partners ("Partners") of
the Partnership on a pro rata basis and thereafter the Partnership will
Each Partner will receive approximately 2.0278 shares of the Resources
Class for each Partnership unit held. This ratio is equivalent to the
Net Asset Value of the units of the Partnership ($22.1619) divided by
the Net Asset Value of the shares of the Resources Class ($10.9291)
determined at the close of business on September 28, 2011.
The Resources Class seeks to generate long term growth by providing
investors with exposure to Canadian natural resources companies.
Partners may defer incurring the capital gains tax liability that
arises upon redemption of shares of the Resources Class by maintaining
their investment. From its inception on October 16, 2009 to August 31,
2011, the Resources Class has delivered an annualized total return of
15.6%, compared to 6.3% for its benchmark index, a blended index
weighted 60% to the S&P/TSX Capped Energy Index and 40% to the S&P/TSX
Capped Materials Index.
Investors in the Resources Class can also transfer their investment into
the Connor, Clark & Lunn Balanced Portfolio Class (the "Balanced
Portfolio Class") on a non-taxable basis. The Balanced Portfolio Class
is broadly diversified across different types of equity and fixed
income securities and seeks to generate modest growth of capital while
utilizing fixed income investments to stabilize returns. The FundSERV
codes for the Resources Class and Balanced Portfolio Class are CCL100
and CCL200, respectively.
SOURCE Connor, Clark
For further information:
Please visit our website at www.cclcapitalmarkets.com or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182 or 1-888-276-2258