Connor, Clark & Lunn Capital Markets Inc. Declares Quarterly Distribution for
CANADIAN Financials & Utilities Split Corp.

TORONTO, March 29 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. declared a cash distribution for the following Company:

    
    -------------------------------------------------------------------------
                                                             TSX Trading
                                                     Distrib-  Price
                                                      ution   Per Unit
                       Distribution                   Amount   as of
                Trading   Amount   Record    Payable  Annual-   Mar.  Current
    Company     Symbol  (per unit)  Date      Date    ized   26, 2010  Yield
    -------------------------------------------------------------------------
    CANADIAN   CFS.PR.A  $0.10625  Mar. 31,  Apr. 15, $0.425  $10.44    4.1%
     Financials                     2010      2010
     & Utilities
     Split Corp.
     (Preferred
     Shares)
    -------------------------------------------------------------------------
    

Note that due to the timing of the distribution notification, the ex-dividend date is expected to be March 30, 2010.

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, raising more than $1.5 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 $35 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.

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CANADIAN FINANCIALS & UTILITIES SPLIT CORP.

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