Connor, Clark & Lunn Real Return Income Fund and ING Floating Rate Senior Loan Fund Announce Merger Exchange Ratio

TORONTO, Jan. 8, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. announced today the exchange ratio in connection with the merger of Connor, Clark  & Lunn Real Return Income Fund ("RRB") and ING Floating Rate Senior Loan Fund ("ING").

Pursuant to the merger, each holder of Units of RRB will automatically receive approximately 0.732842 Class A Units of ING for each RRB Unit held. The merger will become effective today.

Trading of RRB Units will be halted at the opening of trading today and will be delisted at the close of business.  Unitholders of RRB are not required to take any action in order to become unitholders of ING.

Details of the merger are outlined in an information circular that is available on www.sedar.com and www.cclcapitalmarkets.com.

Connor, Clark & Lunn Real Return Income Fund is listed on the Toronto Stock Exchange ("TSX") under the symbol RRB.UN.  Class A and Class U Units of ING Floating Rate Senior Loan Fund are listed on the TSX under the symbols ISL.UN and ISL.U, respectively.

SOURCE: Connor, Clark & Lunn Real Return Income Fund

please visit www.cclcapitalmarkets.com or contact:

Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
[phone] or 1 [phone]
[email protected]