TORONTO, March 13 /CNW/ - (RPQ.PR.A) - The Board of Directors of Connor,
Clark & Lunn ROC Pref Corp. (the "Company") has today declared a cash
distribution of $0.29375 per Preferred Share consisting of a return of capital
on such Preferred Shares equal to $0.29375 per share payable on March 31, 2008
to holders of record at the close of business on March 24, 2008.
The Company is a mutual fund corporation that issued 5-year redeemable,
retractable, cumulative P-1 (Low) rated Preferred Shares which mature on or
about June 30, 2011. The Company used the proceeds to gain exposure, by way of
an equity forward sale agreement, to an A- rated structured note that
currently offers credit exposure to a portfolio of 127 companies with an
average rating of BBB+.
The Preferred Shares are listed for trading on the Toronto Stock Exchange
under the symbol RPQ.PR.A.
For further information:
For further information: please visit www.cclcapitalmarkets.com or
contact: Tim Bradshaw, Connor, Clark & Lunn Capital Markets Inc., (416)
364-3658, email@example.com, www.cclcapitalmarkets.com