Connor, Clark & Lunn Capital Markets Inc. Declares Distributions for Funds

TORONTO, June 21 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared June 2010 cash distributions for the following funds:

    
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                                                                 TSX
                                                               Trading
                                                                Price
                                                      Distri-    Per
                             Distri-                   bution  Unit as
                             bution                    Amount  of Jun.
                   Trading   Amount    Record  Payable Annua-    18,  Current
          Fund      Symbol (per Unit)   Date    Date    lized   2010    Yield
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    CC&L Conservative                 Jun. 30, Jul. 15,
     Income Fund    CCQ.UN   $0.0583    2010     2010   $0.70   $8.48    8.3%
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    CC&L Real Return                  Jun. 30, Jul. 15,
     Income Fund* RRB.UN  $0.02083    2010     2010   $0.25   $7.37    3.4%
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    CC&L Global
     Financials Fund
     II (Common Units
     and Class F                      Jun. 30, Jul. 15,
     Units)         GFT.UN   $0.0375    2010     2010   $0.45   $5.20    8.7%
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    Focused Global
     Trends Fund
     (Class A Units
     and Class F                      Jun. 30, Jul. 15,
     Units)         FTF.UN  $0.02778    2010     2010   $0.33   $4.66    7.1%
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    Build America
     Investment Grade
     Bond Fund
     (Class A Units
     and Class F                      Jun. 30, Jul. 15,
     Units)         BAB.UN    0.1198    2010     2010   $1.44  $22.31    6.5%
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    Canadian Banc
     Capital
     Securities Trust
     (Class A Units
     and Class F                      Jun. 30, Jul. 15,
     Units)*      CSB.UN    $0.375    2010     2010   $1.50  $25.52    5.9%
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    North American
     Financials
     Capital
     Securities
     Trust (Class A
     and Class F                      Jun. 30, Jul. 15,
     Units)*      NAF.UN    $0.375    2010     2010   $1.50  $23.30    6.4%
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    CANADIAN
     Financials &
     Utilities Split
     Corp. (Preferred                 Jun. 30, Jul. 15,
     Shares)      CFS.PR.A  $0.10625    2010     2010  $0.425  $10.31    4.1%
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*Distributions are expected to be characterized as 100% return of capital.

Please note that the distribution reinvestment plans for Focused Global Trends Fund and Connor, Clark & Lunn Global Financials Fund II have been suspended commencing with the June distribution payments due to low participation. The Manager believes it is in the best interest of the majority of unitholders of both funds that this action be taken in light of the high costs associated with implementing these plans. Unitholders that are currently enrolled in these plans will receive the June distribution and all subsequent distributions in cash.

Connor, Clark & Lunn Capital Markets Inc. (CC&L Capital Markets) is a leading Canadian structured financial products investment firm that is focused on creating and managing high quality investment vehicles that will stand the test of time and ultimately allow our clients to achieve their personal financial goals. Formed in 2001, CC&L Capital Markets has designed, launched and currently manages thirteen investment vehicles, raising more than $1.5 billion in assets.

CC&L Capital Markets is part of the Connor, Clark & Lunn Financial Group. Connor, Clark & Lunn Financial Group provides investment management services to individuals, advisors, pension plans, institutional investors and foundations. The investment platform offers a broad range of traditional and alternative investment management services, including domestic and international equities and fixed income, hedge funds, private equity and infrastructure.

As Canada's only multi-boutique asset management firm, Connor, Clark & Lunn Financial Group is uniquely focused on creating the conditions for success for its clients, partners and employees. The firm has offices in Vancouver, Edmonton, Calgary, Regina, Toronto, Ottawa and Montreal and through its affiliated investment managers is responsible for the investment of approximately $35.5 billion in financial assets.

For further information: please visit www.cclcapitalmarkets.com or contact: Darren Cabral, Vice-President, Connor, Clark & Lunn Capital Markets Inc., 416-214-6182, Toll Free: 1-888-276-2258, [email protected]