Connor, Clark & Lunn Capital Markets Inc. Declares Quarterly Distribution for
CANADIAN Financials & Utilities Split Corp.

TORONTO , Sept. 15 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. declared, on September 11, 2009 , a cash distribution for the following Company:

    
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                                                                 TSX
                                                             Trading
                                                    Distri-    Price
                         Distri-                    bution  Per Unit
                         bution                     Amount     as of
             Trading     Amount   Record  Payable    Annua-  Sep. 14, Current
    Company   Symbol  (per unit)    Date     Date    lized      2009   Yield
    -------------------------------------------------------------------------
    CANADIAN
    Financials
    &
    Utilities
    Split
    Corp.
    (Pre-
    ferred                       Sep. 30, Oct. 15,
    Shares) CFS.PR.A   $0.10625     2009     2009   $0.425    $10.20     4.2%
    -------------------------------------------------------------------------
    

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 sixteen investment vehicles, raising more than $1.4 billion in assets. CC&L Capital Markets is part of the Connor, Clark & Lunn Financial Group, one of Canada's largest and fastest growing asset management firms, responsible for approximately $32 billion in financial assets through its affiliated investment managers on behalf of institutional, private and retail clients.

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