Unitholders of Connor, Clark & Lunn Global Financials Fund II have approved a proposal that will result in the merger of the fund with Focused Global Trends Fund, Connor, Clark & Lunn Capital Markets Inc. announced said Friday.

Unitholders of Focused Global Trends Fund (TSX:FTF.UN) had approved the merger proposal on September 20. The merger is expected to be implemented on about October 3.

Focused Global Trends Fund will be the continuing fund and, as a result, unitholders of Global Financials Fund II (TSX:GFT.UN) will become unitholders of the continuing fund.

Focused Global Trends Fund will be renamed Connor, Clark & Lunn Financial Opportunities Fund and the investment objectives and investment strategy of the fund will be amended in order to provide investors with an opportunity for capital appreciation by investing in an international portfolio of financial services companies actively managed by Guy de Blonay of Jupiter Asset Management Ltd. Jupiter will be retained as the new investment sub-advisor of Connor, Clark & Lunn Financial Opportunities Fund.

IE