TORONTO, Jan. 3 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. is
pleased to announce that a preliminary prospectus for Connor, Clark & Lunn
2008 Flow-Through Limited Partnership (the "Partnership") has been filed. The
maximum amount of the offering is $50 million.
The Partnership will 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 2008.
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 $23 billion of assets under its
management as of October 31, 2007, of which approximately $4.4 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 over $1.15 billion in assets under management and
is also part of the Connor, Clark & Lunn Financial Group, a group of
affiliated companies with aggregate assets under management of over $38
billion as at October 31, 2007.
The Units are being offered for sale by a syndicate of agents led by CIBC
World Markets Inc., BMO Nesbitt Burns Inc., and RBC Dominion Securities Inc.
and included Richardson Partners Financial Limited, Scotia Capital Inc.,
National Bank Financial Inc., TD Securities Inc., Canaccord Capital
Corporation, Dundee Securities Corporation, GMP Securities L.P., Raymond James
Ltd., Wellington West Capital Inc., Berkshire Securities Inc., and HSBC
Securities (Canada) Inc.
For further information:
For further information: please visit www.cclcapitalmarkets.com or
contact: Tim Bradshaw, Senior Vice President & National Sales Manager, Connor,
Clark & Lunn Capital Markets Inc., (416) 364-3658, firstname.lastname@example.org