Connor, Clark & Lunn Capital Markets Inc. Declares Distributions for Funds

TORONTO, July 21 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared July 2010 cash distributions for the following funds:

    
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                                                                TSX
                                                              Trading
                                                               Price
                                                     Distri-    Per
                            Distri-                   bution  Unit as
                            bution                    Amount  of Jul.
                  Trading   Amount    Record  Payable Annua-    20,  Current
         Fund      Symbol (per Unit)   Date    Date    lized   2010    Yield
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    CC&L
     Conservative                    Jul. 30, Aug. 16,
     Income Fund   CCQ.UN   $0.0583    2010     2010   $0.70   $8.56    8.2%
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    CC&L
     Conservative
     Income &
     Growth                          Jul. 30, Aug. 16,
     Fund*       CCP.UN   $0.1780    2010     2010   $1.39  $21.27    6.6%
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    CC&L Real
     Return Income                   Jul. 30, Aug. 16,
     Fund*       RRB.UN  $0.02083    2010     2010   $0.25   $7.47    3.3%
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    CC&L Global
     Financials Fund
     II (Common Units
     and Class F                     Jul. 30, Aug. 16,
     Units)        GFT.UN   $0.0375    2010     2010   $0.45   $5.28    8.5%
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    Focused Global
     Trends Fund
     (Class A Units
     and Class F                     Jul. 30, Aug. 16,
     Units)        FTF.UN  $0.02778    2010     2010   $0.33   $4.67    7.1%
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    Build America
     Investment Grade
     Bond Fund
     (Class A Units
     and Class F                     Jul. 30, Aug. 16,
     Units)        BAB.UN    0.1198    2010     2010   $1.44  $22.04    6.5%
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    * Distributions are expected to be characterized as 100% return of
        capital.
    

On June 14, 2010, CC&L PRINTS Trust merged with CC&L Conservative Income Fund II with CC&L PRINTS Trust as the continuing fund which was renamed CC&L Conservative Income & Growth Fund. The initial distribution amount of $0.1780 per unit covers the period from the date of the merger to July 31, 2010. Looking forward, the estimated monthly distribution is expected to be $0.1161 per unit.

Connor, Clark & Lunn Capital Markets Inc. (CC&L Capital Markets) also announces that the estimated net asset value per unit (NAV) for CC&L Real Return Income Fund was misstated from June 25, 2010 to July 16, 2010. The misstatement was caused by a third-party processing error and identified by the Manager. The NAVs were subsequently recalculated and were lower than the reported NAV throughout the period, with the maximum difference being $0.06 on a reported NAV of $7.67. There were no subscriptions or redemptions at the originally-published NAVs.

CC&L Capital Markets is a leading Canadian structured financial products investment firm that is focused on creating and managing high quality investment vehicles that will stand the test of time and ultimately allow our clients to achieve their personal financial goals. Formed in 2001, CC&L Capital Markets has designed, launched and currently manages thirteen investment vehicles, raising more than $1.5 billion in assets.

CC&L Capital Markets is part of the Connor, Clark & Lunn Financial Group. Connor, Clark & Lunn 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, Connor, Clark & Lunn 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 $35 billion in financial assets.

For further information: please visit www.cclcapitalmarkets.com or contact: Darren Cabral, Vice-President, Connor, Clark & Lunn Capital Markets Inc., 416-214-6182, Toll Free: 1-888-276-2258, [email protected]