New "Return of Capital" Series to provide tax-efficient cash flow
TORONTO, Jan. 22 /CNW/ - Connor, Clark & Lunn Managed Portfolios Inc.
(CC&L Managed Portfolios) announced today the launch of two new Return of
Capital series, R5 and R7, providing investors with a tax-effective way to
generate monthly cash flow from their non-registered investments.
Series R5 will provide monthly cash flow with a target distribution of 5%
annually while Series R7 will have a target distribution of 7% annually.
Series R5 and R7 are being made available as investment options for the CC&L
Balanced Income, CC&L Balanced, CC&L Balanced Growth, and the CC&L Growth
"Advisors came to us looking for a solution that combines a tax-efficient
distribution with our suite of actively managed investment portfolios," says
Nick Mancini, President and CEO of CC&L Managed Portfolios Inc. "They wanted
to help clients use their non-registered portfolios to generate a regular
income stream that has potential tax advantages."
The target distribution will be paid to investors through a combination
of regular income distributions and a return of capital. Since the return of
capital portion of the distribution is not subject to taxation, Series R
provides a way to generate tax-efficient cash flows.
About Connor, Clark & Lunn Managed Portfolios Inc.
CC&L Managed Portfolios Inc. offers a suite of 6 broadly diversified
investment portfolios to clients with minimum investable assets of $100,000
through a select group of financial advisors. As part of the Connor, Clark &
Lunn Financial Group they are able to provide the expertise of institutional
investment managers to meet the needs of individual investors.
Connor, Clark & Lunn Financial Group is a multi-boutique asset management
firm responsible for the investment of over $37 billion in financial assets
through its investment managers on behalf of institutional, private and
retrial clients. Their broad range of investment management services are
delivered to pension funds, capital accumulation plans, foundations and
endowments, mutual funds and individual investors through offices in
Vancouver, Edmonton, Calgary, Regina, Toronto, Ottawa and Montreal.
For further information:
For further information: Craig Swistun, Vice President, Marketing &
Development, Connor, Clark & Lunn Managed Portfolios Inc., (416) 214-2026,