Connor, Clark & Lunn Capital Markets Inc. Declares Initial Distribution for
HBanc Capital Securities Trust
TORONTO, Nov. 19 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared the first distribution for HBanc Capital Securities Trust for the period from inception on October 13, 2010 to November 30, 2010. The distribution amount is $0.23014 per Class A Unit, Series 1 and Series 2, and U.S. $0.23014 per Class U Unit, Series 1 and Series 2. The distribution amounts represent a current yield of approximately 7.0% based on the initial offering prices of $25.00 per Class A Unit and U.S. $ 25.00 per Class U Unit, respectively.
Fund | Trading Symbol | Distribution Amount (per Unit) | Record Date | Payable Date |
HBanc Capital Securities Trust - Class A Units, Series 1 and 2* | HSC.UN (Series 1) | $0.23014 | Nov. 30, 2010 | Dec. 15, 2010 |
HBanc Capital Securities Trust - Class U Units, Series 1 and 2* | U.S. $0.23014 | Nov. 30, 2010 | Dec. 15, 2010 |
*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 fifteen investment vehicles, raising more than $1.8 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 $37 billion in financial assets.
For further information: For further information:
please visit www.cclcapitalmarkets.comor contact:
Darren Cabral
Vice President
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182
Toll Free: 1-888-276-2258
[email protected]
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