Connor, Clark & Lunn Capital Markets Inc. Declares Initial Distribution for Australian Banc Income Fund

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.

Fund Trading Symbol Distribution
Amount
(per Unit)
Record
Date
Payable
Date
Distribution
Amount
Annualized
TSX Trading
Price Per
Unit as of
Jun. 20, 2011
Current
Yield
Australian Banc Income Fund (Class A Units and Class F Units) AUI.UN $0.2137 Jun. 30, 2011 Jul. 15, 2011 $0.75 $9.55 7.9%

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:

Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182
Toll Free: 1-888-276-2258
dcabral@cclgroup.com

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Connor, Clark & Lunn Capital Markets Inc.

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Australian Banc Income Fund

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