TORONTO, May 23, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announces that Connor, Clark & Lunn Conservative Income & Growth Fund (the "Fund") is scheduled to be delisted from the Toronto Stock Exchange at the close of trading on May 31, 2012 as part of its scheduled conversion into an open-end mutual fund.
Upon completion of conversion, existing Units of the Fund will be redesignated as Series C Units of the Fund and the Fund will be renamed Connor, Clark & Lunn Core Income & Growth Fund (the "Mutual Fund"). The conversion will be fully implemented once all operational steps required are completed with each dealer's back office and a receipt for the final simplified prospectus of the Mutual Fund is received from the securities regulatory authorities.
Once these steps have been completed, Unitholders will be able to subscribe for additional Series C Units or redeem Series C Units on a daily basis at their net asset value via FundSERV. The FundSERV code for the Series C Units will be CCL552. In addition to Series C Units, the Mutual Fund intends to offer Series A and Series F Units. For more information on each Series, please see the Mutual Fund's preliminary simplified prospectus available on Sedar at www.sedar.com.
The Fund is listed on the Toronto Stock Exchange under the symbol CCP.UN.
For further information:
For more information, please visit www.cclcapitalmarkets.com or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182 or 1-888-276-2258