Connor, Clark & Lunn Capital Markets Inc. Declares Distributions for Funds



    TORONTO, Jan. 22 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today
declared January 2008 cash distributions for the following funds:

    
    -------------------------------------------------------------------------
                                                               TSX Trading
                                                        Distri- Price Per
                                                        bution  Unit as
                           Distribution                 Amount  of Jan.
                    Trading   Amount   Record   Payable  Annua-  21,  Current
    Fund             Symbol (per unit)  Date     Date    lized   2008   Yield
    -------------------------------------------------------------------------
    CC&L Conservative                  Jan. 31,  Feb. 15,
    Income Fund       CCQ.UN   $0.0583    2008      2008   $0.70  $8.53  8.2%
    -------------------------------------------------------------------------
    CC&L Conservative                  Jan. 31,  Feb. 15,
    Income Fund II(*) CCK.UN   $0.0542    2008      2008   $0.65  $9.00  7.2%
    -------------------------------------------------------------------------
    CC&L Real Return                   Jan. 31,  Feb. 15,
    Income Fund(*)    RRB.UN  $0.03125    2008      2008  $0.375  $7.91  4.7%
    -------------------------------------------------------------------------
    CC&L Global                        Jan. 31,  Feb. 15,
    Financials Fund   GFF.UN  $0.04167    2008      2008   $0.50  $8.22  6.1%
    -------------------------------------------------------------------------
    CC&L Global
    Financials Fund II
    (Common Units and                  Jan. 31,  Feb. 15,
    Class F Units)    GFT.UN     $0.05    2008      2008   $0.60  $7.42  8.1%
    -------------------------------------------------------------------------
    CANADIAN Financials
    & Utilities Split
    Corp. (Class A                     Jan. 31,  Feb. 15,
    Shares)              CFS    $0.026    2008      2008  $0.312  $8.50  3.7%
    -------------------------------------------------------------------------
    CANADIAN Financials &
    Utilities Split Corp.
    (Preferred                         Jan. 31,  Feb. 15,
    Shares)          CFS.PR.A $0.10625    2008      2008  $0.425 $10.37  4.1%
    -------------------------------------------------------------------------
    Focused Global
    Trends Fund
    (Class A Units and                 Jan. 31,  Feb. 15,
    Class F Units)     FTF.UN $0.04167    2008      2008   $0.50  $7.93  6.3%
    -------------------------------------------------------------------------

    (*) Distributions are characterized as 100% return of capital.
    

    For more information on these funds, please visit
www.cclcapitalmarkets.com.

    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 fourteen investment vehicles with combined assets of
approximately $1.2 billion. CC&L Capital Markets Inc. is part of the Connor,
Clark & Lunn Financial Group, one of Canada's largest and fastest growing
asset management firms, responsible for the investment of over $37 billion in
financial assets through its affiliated investment managers on behalf of
institutional, private, and retail clients.




For further information:

For further information: please visit www.cclcapitalmarkets.com or
contact Tim Bradshaw, National Sales Manager, Connor, Clark & Lunn Capital
Markets Inc., (416) 364-3658, tbradshaw@cclgroup.com; Bonnie Chwartacki,
Western Canada, Connor, Clark & Lunn Capital Markets Inc., (204) 781-8242,
bchwartacki@cclgroup.com; John Colangelo, Ontario, Connor, Clark & Lunn
Capital Markets Inc., (416) 367-4158, jcolangelo@cclgroup.com; Victoria Jonas,
Quebec, Connor, Clark & Lunn Capital Markets Inc., (877) 954-9447,
vjonas@cclgroup.com

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Connor, Clark & Lunn Capital Markets Inc.

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CC&L CONSERVATIVE INCOME FUND

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