Connor, Clark & Lunn Global Financials Fund II Issues Warrants and Class F Warrants



    TORONTO, June 11 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the
"Manager"), the manager of Connor, Clark & Lunn Global Financials Fund II (the
"Fund"), is pleased to announce that the Fund has issued to holders of its
common units (the "Units") warrants (the "Warrants") to subscribe for Units
pursuant to a final prospectus dated May 23, 2008 and to holders of its Class
F units (the "Class F Units") Class F warrants (the "Class F Warrants") to
subscribe for Class F Units on a private placement basis.
    Under the warrant offerings, the Fund issued one-half of a Warrant for
each Unit of the Fund held by holders of record on June 9, 2008 (the "Record
Date"). Each whole Warrant entitles the holder thereof to purchase one Unit at
a price of $8.20 per Unit on the second business day after the last day of
each month, commencing on July 3, 2008 and ending on July 5, 2010. This means
that the Warrants may be exercised on any of 24 specific dates. The Warrants
started trading on June 5, 2008 under the ticker symbol "GFT.WT" and will
continue trading until July 5, 2010.
    The Fund also issued on a private placement basis one-half of a Class F
Warrant for each Class F Unit held by holders of record of the Class F Units
on the Record Date. Each whole Class F Warrant entitles the holder thereof to
purchase one Class F Unit on the second business day after the last day of
each month, commencing on July 3, 2008 and ending on July 5, 2010. This means
that the Class F Warrants may be exercised on any of 24 specific dates. The
exercise price for the Class F Warrants will be an amount equal to the net
asset value per Class F Unit determined as of the valuation date immediately
preceding the relevant exercise date.
    If the warrants are exercised, the warrant offerings are expected to
increase the market capitalization of the Fund, increase the liquidity of the
Units and lower fixed costs of the Fund on a per Unit basis.





For further information:

For further information: please visit www.cclcapitalmarkets.com or
contact: Contact, Tim Bradshaw, Connor, Clark & Lunn Capital Markets Inc.,
(416) 364-3658, tbradshaw@cclgroup.com, www.cclcapitalmarkets.com

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Connor, Clark & Lunn Capital Markets Inc.

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