Connor, Clark & Lunn Financial Opportunities Fund and Australian Banc Income Fund Announce Merger Exchange Ratios

TORONTO, June 11, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announced today the exchange ratios in connection with the merger of Connor, Clark  & Lunn Financial Opportunities Fund ("GFO") and Australian Banc Income Fund ("AUI").

Pursuant to the merger, each holder of Class A Units of GFO will automatically receive approximately 0.557596  Class A Units of AUI for each GFO Class A Unit held and each holder of Class F Units of GFO will automatically receive approximately 0.550557 Class F Units of AUI for each GFO Class F Unit held. The merger will become effective today.

Trading of GFO Units will be halted at the opening of trading on June 13, 2013 and will be delisted at the close of business that day.  Unitholders of GFO are not required to take any action in order to become unitholders of AUI.

Details of the merger are outlined in an information circular that is available on www.sedar.com and www.cclcapitalmarkets.com.

Class A Units of Connor, Clark & Lunn Financial Opportunities Fund are listed on the Toronto Stock Exchange ("TSX") under the symbol GFO.UN.  Class A Units of Australian Banc Income Fund are listed on the TSX under the symbol AUI.UN.

SOURCE: Connor, Clark & Lunn Capital Markets Inc.

For further information:

Please visit www.cclcapitalmarkets.com or contact:

Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
(416) 214-6182 or 1 (888) 276-2258
dcabral@cclgroup.com

Profil de l'entreprise

Connor, Clark & Lunn Capital Markets Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.