TORONTO, Aug. 31 /CNW/ - Connor, Clark & Lunn Real Return Income Fund
(the "Fund") announces that the estimated weekly net asset values per Unit
("NAVs") published during the period from January 23rd to July 24th, 2009 were
incorrect as the result of a mistake by the Fund's valuation agent, RBC Dexia.
Their error was a result of a failure to add the inflation factor for a U.S
Treasury Inflation Protected Security included in the portfolio to its traded
price. The reported NAVs were lower than the correct NAV throughout the
period, with the maximum difference being $0.21 on a NAV of $7.68. No Units
were retracted or issued at the originally published NAVs.
Connor, Clark & Lunn Capital Markets Inc., the Fund's manager, wishes to
assure investors that it has reviewed the matter with the valuation agent and
that systems in place to prevent such errors are being assessed and if
necessary will be augmented with further redundant checks.
For further information:
For further information: on the Fund, please visit
www.cclcapitalmarkets.com or contact: Darren Cabral, Vice-President, Connor,
Clark & Lunn Capital Markets Inc., (416) 214-6182 or 1-888-276-2258,