CONNOR, CLARK & LUNN FUNDS INC. ANNOUNCES INCREASE IN LIQUIDITY FOR PCJ ABSOLUTE RETURN II FUND

TORONTO, March 27, 2023 /CNW/ - Connor, Clark & Lunn Funds Inc., the manager of PCJ Absolute Return II Fund (the "Fund") is pleased to announce a change to the liquidity terms of the Fund. 

Effective immediately, Fund purchase, sale and switch orders will move from weekly at 4 pm Eastern Time on Fridays, to daily at 3 pm Eastern Time on each Business Day or before the TSX closes for the day, whichever is earlier, and all orders will be processed based on the net asset value calculated that day. Orders received after 3 pm Eastern Time will be processed on the next Business Day based on that day's net asset value.

Forward-Looking Information

This news release may contain forward-looking information (within the meaning of applicable securities laws) relating to the business and operations of the Manager and the Fund ("forward-looking statements"). Forward-looking statements may be identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading "What is a Mutual Fund and What Are the Risks of Investing in a Mutual Fund?" in the simplified prospectus available on the SEDAR profile of the Fund at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Manager and the Fund assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Connor, Clark & Lunn Funds Inc.

Lisa Wilson, Manager, Product & Client Service, Tel: [phone]