TORONTO, Jan. 31, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announces that CANADIAN Financials & Utilities Split Corp. (the "Company") will redeem its Preferred Shares and Class A Shares as scheduled today, the Company's Maturity Date, in accordance with the terms of its prospectus dated January 30, 2007.
The redemption value payable by the Company for a Preferred Share is $10.0361, equal to $10.00 plus accrued and unpaid distributions of $0.0361. The redemption value payable by the Company for a Class A Share is $5.4248. Payment of the redemption values, as applicable, are expected to be made on or about February 1, 2012.
The Company's Preferred Shares and Class A Shares have been de-listed from the TSX. We thank you for your investment in CANADIAN Financials & Utilities Split Corp.
For further information:
For more information, please visit www.cclcapitalmarkets.com or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
Toll Free: 1-888-276-2258