Rollover Transaction & Adjusted Cost Base

Former limited partners of the Connor, Clark & Lunn 2009 Flow-Through Limited Partnership (“the Partnership”) received 2.0278 Clark & Lunn Natural Resources Class of Connor, Clark & Lunn Capital Class Inc., (the “Resources Class”) for each Partnership Unit held pursuant to a rollover transaction on September 28, 2011.

The adjusted cost base (ACB) at the time of the rollover is estimated to be $17.2822 per Partnership Unit or $8.5226 per Resources Class Share (before applying your share of the 2011 Partnership’s tax allocation).

When you sell any Resources Class Shares, you will want to know the ACB per Resources Class 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.