TORONTO, Jan. 22, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared the initial distribution for U.S. Agency Mortgage-Backed REIT Advantaged Fund for the period from inception on October 23, 2012 to January 31, 2013. The distribution amount is $0.2178 per Unit. The initial distribution amount represents an annualized current yield of 8.0% based on the initial offering price of $10.00 per Unit.
|Fund||Trading Symbol||Distribution Amount (per Unit)||Record Date||Payable Date||Distribution Amount Annualized||TSX Trading Price Per Unit as of Jan. 21, 2013||Current Yield|
|U.S. Agency Mortgage-Backed REIT Advantaged Fund (Class A Units and Class F Units)*||USM.UN||$0.2178||Jan. 31, 2013||Feb. 15, 2013||$0.80||$9.45||8.5%|
*Distributions are expected to be characterized as 100% return of capital.
Connor, Clark & Lunn Capital Markets Inc. (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 several investment vehicles, raising approximately $2.2 billion in assets since 2004.
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 over $44 billion in assets under management.
SOURCE: Connor, Clark & Lunn Capital Markets Inc.
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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