TORONTO, Oct. 22 /CNW/ - Connor, Clark & Lunn 2007 Flow-Through Limited Partnership (the "Partnership") announces that it has completed the tax-deferred transfer of its assets into Connor, Clark & Lunn Natural Resources Fund Inc. ("CC&L Natural Resources Fund") in exchange for Class A Shares of CC&L Natural Resources Fund and the Partnership has been dissolved.
The final net asset value per Partnership unit was $12.4962 and the net asset value of CC&L Natural Resources Fund was $10.00 per Class A Share. Limited Partners of the Partnership received 1.24962 redeemable Class A Shares of CC&L Natural Resources Fund for each Partnership unit held.
CC&L Natural Resources Fund is actively managed by the same team of portfolio managers at Connor, Clark & Lunn Investment Management Ltd. responsible for the investments of the Partnership. CC&L Natural Resources Fund seeks to generate long term growth by providing investors with exposure to Canadian natural resources companies. Investors can defer incurring the capital gains tax liability that arises upon disposition of their investment by retaining their investment in CC&L Natural Resources Fund.
SOURCE Connor, Clark & Lunn Capital Markets Inc.
For further information: For further information: on CC&L Natural Resources Fund, please visit our website at www.cclcapitalmarkets.com or contact: Darren Cabral, Vice-President, Connor, Clark & Lunn Capital Markets Inc., (416) 214-6182, Toll Free: 1-888-276-2258, firstname.lastname@example.org