Stock Name: CPF.UN
Amount: CAD 0.1042
Announcement Date: 21/11/2012
Record Date: 28/11/2012
Dividend Detail:
TORONTO, Nov. 21, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets
Inc., the Manager of Canadian 50 Advantaged Preferred Share Fund (the
"Fund"), has declared an advance distribution (the "Advance
Distribution") of $0.2083 per Class A Unit and Class F Unit of the Fund
to be paid on December 17, 2012 to Unitholders of record on November
30, 2012.�� The Advance Distribution is equivalent to two-thirds of the
current quarterly distribution per Unit.�� An additional distribution of
$0.1042 per Unit, equivalent to one-third of the quarterly distribution
per Unit, will be paid on January 15, 2013 to Unitholders of record on
December 31, 2012.
The Advance Distribution is being paid in order to treat existing
Unitholders and new Unitholders who will acquire Units pursuant to a
proposed offering of Class A Units and Class F Units (the "Offering")
equitably.�� The Offering is being made pursuant to a preliminary
prospectus dated November 5, 2012 and is intended to close prior to the
next quarterly record date, December 31, 2012.���� Details of the Advance
Distribution are also included in the preliminary prospectus for the
Offering.
Fund | Trading Symbol | Distribution Amount (per Unit) | Record Date | Payable Date | Distribution Amount Annualized | TSX Trading Price Per Unit as of Nov. 20, 2012 | Current Yield |
Canadian 50 Advantaged Preferred Share Fund�� (Class A Units and Class F Units)* | CPF.UN | $0.2083 | Nov. 30, 2012 | Dec. 17, 2012 | $1.25 | $24.25 | 5.2% |
*Distributions are expected to be characterized as 100% return of
capital.
The Fund's investment objectives are to provide (i) tax-advantaged
quarterly cash distributions consisting primarily of returns of
capital; and (ii) low-cost exposure to the total return approximating
that of the BMO Capital Markets 50 Preferred Share Index (the
"Preferred Share 50 Index").�� The Preferred Share 50 Index is a market
value weighted index created in 1992 to provide a benchmark
representing the Canadian preferred share market and includes 50
Canadian preferred share issues that are listed on the Toronto Stock
Exchange which satisfy specific inclusion criteria.
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 several investment
vehicles, raising approximately $2.2 billion in assets since 2004.
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 over $42 billion in assets under management.
SOURCE: Canadian 50 Advantaged Preferred Share Fund
For further information:
please visit��www.cclcapitalmarkets.com��or contact:
Darren Cabral
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
416-214-6182
Toll Free: 1-888-276-2258
cclcapitalmarkets@cclgroup.com
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