Attention Business/Financial Editors:

Connor, Clark & Lunn Capital Markets Inc. Declares Distributions for Funds

    TORONTO, Aug. 20 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today
declared August 2008 cash distributions for the following funds:

    <<
    -------------------------------------------------------------------------
                                                                TSX
                                                            Trading
                          Distri-                   Distri-   Price
                          bution                    bution Per Unit
                          Amount                    Amount    as of
                Trading     (per   Record  Payable  Annual- Aug. 19, Current
      Fund       Symbol     unit)    Date     Date    ized     2008    Yield
    -------------------------------------------------------------------------
    CC&L
     Conservative                    Aug. 29,  Sep. 15,
     Income Fund   CCQ.UN   $0.0583     2008      2008   $0.70   $9.00   7.8%
    -------------------------------------------------------------------------
    CC&L
     Conservative
     Income Fund                     Aug. 29,  Sep. 15,
     II(*)         CCK.UN   $0.0542     2008      2008   $0.65   $8.40   7.7%
    -------------------------------------------------------------------------
    CC&L Real
     Return Income                   Aug. 29,  Sep. 15,
     Fund(*)       RRB.UN  $0.03125     2008      2008  $0.375   $7.94   4.7%
    -------------------------------------------------------------------------
    CC&L Global
     Financials
     Fund II
     (Common Units
     and Class F                     Aug. 29,  Sep. 15,
     Units)        GFT.UN     $0.05     2008      2008   $0.60   $6.33   9.5%
    -------------------------------------------------------------------------
    CANADIAN
     Financials &
     Utilities
     Split Corp.
     (Class A                        Aug. 29,  Sep. 15,
     Shares)          CFS    $0.028     2008      2008   $0.336  $8.69   3.9%
    -------------------------------------------------------------------------
    Focused Global
     Trends Fund
     (Class A Units
     and Class F                     Aug. 29,  Sep. 15,
     Units)        FTF.UN  $0.04167     2008      2008    $0.50  $6.98   7.2%
    -------------------------------------------------------------------------
    (*)Distributions are 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 fifteen investment vehicles with combined assets of
approximately $1.0 billion.
    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
$38 billion in financial assets.

For further information: please visit www.cclcapitalmarkets.com or
contact: Darren Cabral, Vice-President, Connor, Clark & Lunn Capital Markets
Inc., (416) 214-6182, Toll Free: 1-888-276-2258, dcabral@cclgroup.com; Neil
Murdoch, President & CEO, Connor, Clark & Lunn Capital Markets Inc., (416)
364-2839, nmurdoch@cclgroup.com