CC&L Calls Special Unitholder Meeting of CC&L Conservative Portfolio & Announces Change of Portfolio Manager

    TORONTO, Oct. 29 /CNW/ - Connor Clark & Lunn Managed Portfolios Inc.
(CC&L Managed Portfolios) announced today that a special unitholder meeting of
CC&L Conservative Portfolio will be held on December 11, 2008 to seek approval
for a change of the investment objectives of CC&L Conservative Portfolio.
    If approved, the investment objectives change will be effective on or
about December 15, 2008 and the name of the fund will be changed to CC&L Money
Market Portfolio. Baker Gilmore & Associates Inc. will manage the Fund.
    Full details of the above change and other issues to be determined at the
special meetings will be provided to current investors and may be obtained by
prospective investors from CC&L Managed Portfolios Inc. prior to the meeting.
    Details of the time and location of the special meeting will be included
in the notice of meeting and management information circular to be mailed to
unitholders, and will also be available on or by contacting CC&L
MPI directly.

    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.

    About Connor, Clark & Lunn Financial Group

    CC&L Financial Group provides investment management services to
individuals, advisors, pension plans, institutional investors and foundations.
The investment platform offers a broad range of traditional and alternative
investment management services, including domestic and international equities
and fixed income, hedge funds private equity and infrastructure.
    As Canada's only multi-boutique asset management firm, CC&L Financial
Group is uniquely focused on creating the conditions for success for its
clients, partners and employees. The firm has offices in Vancouver, Edmonton,
Calgary, Regina, Toronto, Ottawa and Montreal and through its affiliated
investment managers is responsible for the investment of approximately
$34 billion in financial assets.

For further information:

For further information: Craig Swistun, Vice President, Marketing &
Development, Connor, Clark & Lunn Managed Portfolios Inc., (416) 214-2026,,

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