TORONTO, March 2 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. is pleased to announce that a preliminary prospectus for the Connor, Clark & Lunn 2010 Flow-Through Limited Partnership (the "Partnership") has been filed with the securities regulatory authorities of all the Canadian provinces for an initial public offering of Units of the Partnership.
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., 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 preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces of Canada but has not yet become final for the purpose of distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province.
A copy of the preliminary 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 1 (888) 276-2258, firstname.lastname@example.org