Rollover Transaction & Adjusted Cost Base

Former limited partners of the Connor, Clark & Lunn 2008 Flow-Through Limited Partnership (“the Partnership”) received 2.5022 Class A Shares of Connor, Clark & Lunn Natural Resources Class (“CC&L Natural Resources Class”) for each Partnership Unit held pursuant to a rollover transaction on April 5, 2010.

The adjusted cost base (ACB) at the time of the rollover is estimated to be $10.5032 per Partnership Unit or $4.1976 per Class A Share of CC&L Natural Resources Class.

When you sell any Class A Shares of CC&L Natural Resources Class, you will want to know the ACB per Class A Share to determine capital gains or losses for tax reporting. Each shareholder is responsible for reporting the taxable capital gain or loss on their income tax return.

Investors should consult their tax advisor for all tax-related matters. This website is not intended to provide specific individual advice, including, without limitation, investment, financial, accounting or other tax. Please consult with your own professional advisor regarding your particular circumstances.