CC&L Conservative Income Fund

Connor, Clark & Lunn Conservative Income Fund ("the Trust") is an investment trust that has been created to invest in a conservatively managed, diversified portfolio of Canadian business trusts, real estate investment trusts, corporate bonds and convertible bonds. The fixed income team of Connor, Clark & Lunn Investment Management Ltd. (the "Investment Manager") will employ a multi-disciplined investment strategy emphasizing credit-oriented factors that focuses on controlling downside risk while retaining the potential for capital appreciation. As fixed income managers, they will provide a different perspective on the market.

Performance Update

CC&L Conservative Income Fund Performance Update — Fourth Quarter 2009
English

Taxation Announcement of Income Trusts

Portfolio Commentary—November 2006

Portfolio Commentary—November 2006—French