Connor, Clark & Lunn Global Financials Fund II Warrants Announcement

TORONTO, July 2 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the "Manager"), as manager of Connor, Clark & Lunn Global Financials Fund II (the "Fund"), hereby provides notice that Monday July 5, 2010 is the final scheduled date that warrants (the "Warrants") can be exercised to purchase Common Units or Class F Units of the Fund (the "Units"). Warrants not exercised by 4:00 pm (Toronto time) on July 5, 2010 will expire with no value and will be void.

Warrants issued to holders of Common Units of the Fund are listed on the Toronto Stock Exchange under the symbol GFT.WT and will cease trading on the TSX at approximately noon (Toronto time) on July 5, 2010. These warrants entitle the holder of the Warrant to acquire one Common Unit of the Fund upon payment of the $8.20 subscription price. The closing price of the Common Units was $5.02 on July 2, 2010. Warrants issued to holders of Class F Units entitle the holder of the Warrant to acquire one Class F Unit of the Fund upon payment of the $5.4842 subscription price, being equal to the July 2, 2010 net asset value.

Warrant holders who wish to exercise their Warrants should notify their investment dealer.

Common Units of the Fund trade on TSX under the symbol GFT.UN. Class F Units of the Fund are not listed but may be converted into Common Units on a monthly basis.

For further information: on the Fund, 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]