TORONTO, April 28 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. is pleased to announce that a final prospectus for the Connor, Clark & Lunn 2010 Flow-Through Limited Partnership (the "Partnership") has been filed with and receipted by the securities regulatory authorities of all the Canadian provinces for an initial public offering of Units of the Partnership. Closing is expected to occur on May 6, 2010.
The Partnership's investment objective is to provide Limited Partners with a tax-assisted investment in a diversified portfolio of Flow-Through Shares of resource issuers with a view to achieving capital appreciation for Limited Partners. The principal business of the resource issuers will be: (i) oil and gas exploration, development and production; (ii) mineral exploration, development and production; or (iii) certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects. The original investment amount made by Limited Partners is intended to be 100% tax deductible in 2010.
Connor, Clark & Lunn Investment Management Ltd. as the Investment Advisor will provide investment advisory and portfolio management services to the Partnership. The Investment Advisor, part of the Connor, Clark & Lunn Financial Group, was established in 1982 and has offices in Vancouver and Toronto. The
Investment Advisor has over $19.7 billion of assets under its management as of December 31, 2009, of which approximately $4.3 billion was invested in energy and materials sector investments.
Connor, Clark & Lunn Capital Markets Inc. will be the Manager of the Partnership. The Manager has raised more than $1.5 billion in assets since 2004 and is also part of the Connor, Clark & Lunn Financial Group. Through its affiliated investment managers, Connor, Clark & Lunn Financial Group is responsible for the investment of over $35 billion in financial assets.
The Units are being offered for sale by a syndicate of agents led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc. and includes National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Financial Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc.
A copy of the final prospectus may be obtained from any of the above-mentioned agents.
SOURCE Connor, Clark & Lunn Capital Markets Inc.
For further information: For further information: please visit www.cclcapitalmarkets.com or contact: Darren Cabral, Vice President, Connor, Clark & Lunn Capital Markets Inc., (416) 214-6182 or (888) 276-2258, firstname.lastname@example.org