ROC Pref III Corp. Announcement



    TORONTO, Sept. 4 /CNW/ - ROC Pref III Corp. (the "Company") announced
today that the preferred share dividend will remain suspended and will not
resume for the quarter ending September 30th 2009. Connor, Clark & Lunn
Capital Markets Inc. (the "Manager") and Connor Clark & Lunn Investment
Management Ltd. (the "Investment Manager") have taken this action in order to
have the funds available for potential use, if necessary, as part of a
restructuring plan for the Company that the Manager and Investment Manager are
currently working on in conjunction with the independent members of the Board
of Directors.
    Given the events of the credit market over the past year and the credit
events that have occurred in the underlying portfolio, the Manager and
Investment Manager believe that a restructuring may be necessary in order to
preserve the maximum value available to preferred shareholders.  The funds
that would have been used to pay the dividend will remain in the Company.
    The Company expects to be in a position to announce a restructuring plan
during the fourth quarter of 2009, but if it is not able to do so then the
decision whether to pay the dividend will be reviewed on a quarterly basis.





For further information:

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

Organization Profile

Connor, Clark & Lunn Capital Markets Inc.

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