TORONTO, June 21, 2011 /CNW/ -
Connor, Clark & Lunn Capital Markets Inc. today declared the initial
distribution for Australian Banc Income Fund for the period from
inception on March 18, 2011 to June 30, 2011. The distribution amount
is $0.2137 per Unit, representing an annualized current yield of 7.5%
based on the initial offering price of $10.00 per Unit. Distributions
are expected to be paid on a quarterly basis.
Unit as of
Jun. 20, 2011
Australian Banc Income Fund (Class A Units and Class F Units)
Jun. 30, 2011
Jul. 15, 2011
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 nineteen 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 over $38 billion in financial assets.
SOURCE Connor, Clark
For further information:
please visit www.cclcapitalmarkets.com or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
Toll Free: 1-888-276-2258