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:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
(416) 214-6182 or 1 (888) 276-2258