Connor, Clark & Lunn Private Capital Ltd. simplifies fund lineup

TORONTO, April 7, 2017 /CNW/ - Connor, Clark & Lunn Private Capital Ltd. (CC&L Private Capital) today announced plans to terminate the CC&L Balanced Growth Portfolio on or around June 16, 2017. Effective immediately, the portfolio is closed to new purchases.

CC&L Private Capital is focused on ensuring that our investment solutions meet the needs of financial advisors and their clients. Unfortunately, the CC&L Balanced Growth Portfolio has not been able to achieve economies of scale for the ordinary operating expenses that are indirectly borne by each unitholder. CC&L Private Capital is taking steps to ensure that all unitholders are treated fairly as a result of this announcement.

Unitholders may redeem units of the portfolio at any time prior to termination or switch them into another investment solution. On termination, CC&L Private Capital will redeem all of the outstanding units of the portfolio and remit an amount in cash equal to the remaining net assets to the remaining unitholders. No redemption fees or charges will be applied to unitholders by CC&L Private Capital upon redemption of units at or before the termination of the portfolio. Information pertaining to the termination of the portfolio has been sent to all unitholders and we encourage investors to consult with their financial advisor to discuss their options.

Connor, Clark & Lunn Private Capital Ltd.

Connor, Clark & Lunn Private Capital is an investment counselling firm that provides traditional and alternative investment solutions to high net worth individuals, foundations and endowments, first nations and trusts. With offices across Canada, the firm has over 35 investment professionals and manages over $6 billion in assets. CC&L Private Capital is a part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm whose affiliates are collectively responsible for the management of over $70 billion in assets.

 

SOURCE Connor, Clark & Lunn Private Capital Ltd.

For further information: please visit www.cclprivatecapital.com or contact: Greig McKenzie, Chief Marketing Officer, Connor, Clark & Lunn Financial Group Ltd., 416-304-6634, gmckenzie@cclgroup.com

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Connor, Clark & Lunn Private Capital Ltd.

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