Connor, Clark & Lunn Capital Markets Inc. Declares Initial Distribution for
Canadian Banc Capital Securities Trust

TORONTO, Sept. 18 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared the first distribution for Canadian Banc Capital Securites Trust for the period from inception on June 9, 2009 to September 30, 2009. The distribution amount reflects the regular quarterly distribution payment of $0.375 per Unit and a payment of $0.0865 per Unit for the stub period from inception to June 30, 2009 for a total distribution of $0.4615.

    
    -------------------------------------------------------------------------
                                                                 TSX
                                                             Trading
                                                    Distri-    Price
                         Distri-                    bution  Per Unit
                         bution                     Amount     as of
             Trading     Amount   Record  Payable    Annua-  Sep. 17, Current
    Fund      Symbol  (per unit)    Date     Date    lized      2009   Yield
    -------------------------------------------------------------------------
    Canadian
     Banc
     Capital
     Securities
     Trust
     (Class A
     Units and
     Class F                     Sep. 30, Oct. 15,
     Units)   CSB.UN    $0.4615     2009     2009    $1.50    $25.00    6.0%
    -------------------------------------------------------------------------
    * Distributions are expected to be characterized as 100% return of
        capital.
    

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 sixteen investment vehicles, raising more than $1.4 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 approximately $32 billion in financial assets.

SOURCE Connor, Clark & Lunn Capital Markets Inc.

For further information: For further information: please visit www.cclcapitalmarkets.com or contact: Darren Cabral, Vice-President, Connor, Clark & Lunn Capital Markets Inc., (416) 214-6182, Toll Free: 1-888-276-2258, dcabral@cclgroup.com

Organization Profile

Connor, Clark & Lunn Capital Markets Inc.

More on this organization

CANADIAN BANC CAPITAL SECURITES TRUST

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890