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Press release from CNW Group

/C O R R E C T I O N from Source -- Connor, Clark & Lunn Capital Markets Inc./

Tuesday, January 22, 2013

/C O R R E C T I O N from Source -- Connor, Clark & Lunn Capital Markets Inc./18:35 EST Tuesday, January 22, 2013In c#7910 issued today at 18:35e errors occurred in the headline and the body of the press release. The company named, "U.S. Agency Mortgage-Backed Advantaged REIT Fund" should read, "U.S. Agency Mortgage-Backed REIT Advantaged Fund". Correct copy follows:Connor, Clark & Lunn Capital Markets Inc. Declares Initial Distribution for U.S. Agency Mortgage-Backed REIT Advantaged FundTORONTO, Jan. 22, 2013 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today declared the initial distribution for U.S. Agency Mortgage-Backed REIT Advantaged Fund for the period from inception on October 23, 2012 to January 31, 2013. The distribution amount is $0.2178 per Unit. The initial distribution amount represents an annualized current yield of 8.0% based on the initial offering price of $10.00 per Unit.FundTrading SymbolDistribution Amount (per Unit)Record DatePayable DateDistribution Amount AnnualizedTSX Trading Price Per Unit as of Jan. 21, 2013Current YieldU.S. Agency Mortgage-Backed REIT Advantaged Fund (Class A Units and Class F Units)*USM.UN$0.2178Jan. 31, 2013Feb. 15, 2013$0.80$9.458.5%*Distributions are expected to be characterized as 100% return of capital.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 $44 billion in assets under management.    SOURCE: Connor, Clark & Lunn Capital Markets Inc.For further information: For more 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