Canadian 50 Advantaged Preferred Share Fund Closes Treasury Offering of Class A and Class F Units

Canadian 50 Advantaged Preferred Share Fund Closes Treasury Offering of Class 
A and Class F Units 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN 
THE UNITED STATES./ 
TORONTO, Dec. 5, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the 
"Manager") is pleased to announce the closing of a treasury offering of Units 
of Canadian 50 Advantaged Preferred Share Fund (the "Fund"). The Fund raised 
total gross proceeds of $47,603,339.37 from the sale of 1,850,000 Class A 
Units at a price of $24.33 per Class A Unit and 105,787 Class F Units at a 
price of $24.51 per Class F Unit which prices were determined so as to be 
non-dilutive to the net asset value per Unit of existing Unitholders. The Fund 
has granted to the agents an over-allotment option, exercisable for a period 
of 30 days from the closing date, to purchase up to an additional 277,500 
Class A Units. The Class A Units are listed on the Toronto Stock Exchange 
under the symbol "CPF.UN". 
The Fund's investment objectives are to provide (i) tax-advantaged quarterly 
cash distributions consisting primarily of returns of capital; and (ii) 
low-cost exposure to the total return approximating that of the BMO Capital 
Markets 50 Preferred Share Index (the "Preferred Share 50 Index"). Based on 
current estimates and the assumptions set out in the prospectus, the Fund's 
current distribution target is $0.3125 per Unit per quarter, consisting 
primarily of returns of capital which are not immediately taxable but which 
reduce a Unitholder's adjusted cost base of its Units. 
The Preferred Share 50 Index is a market value weighted index created in 1992 
to provide a benchmark representing the Canadian preferred share market and 
includes 50 Canadian preferred share issues that are listed on the Toronto 
Stock Exchange which satisfy specific inclusion criteria. Since its 
inception, the Preferred Share 50 Index has generated an annualized return of 
5.58% per year to September 30, 2012. 
Connor, Clark & Lunn Capital Markets Inc. is the manager and portfolio manager 
of the Fund. The Manager is part of the Connor, Clark & Lunn Financial Group, 
a multi-boutique asset management firm whose affiliated managers are 
collectively responsible for the investment of over $42 billion in assets as 
at September 28, 2012. BMO Asset Management Inc. has been retained to manage 
the Portfolio. BMO Asset Management Inc. had over $45.5 billion in total 
assets under management as at August 31, 2012 and is an indirect, wholly-owned 
subsidiary of the Bank of Montreal. 
The Units were offered for sale by a syndicate of agents led by BMO Capital 
Markets and including CIBC, RBC Capital Markets, Scotiabank, National Bank 
Financial Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity 
Corp., GMP Securities L.P., Mackie Research Capital Corporation, Macquarie 
Private Wealth Inc., Desjardins Securities Inc. and Manulife Securities 
Incorporated. 
Commissions, management fees and expenses all may be associated with 
investment funds. Please read the Fund's publicly filed documents which are 
available from SEDAR at www.sedar.com. Investment funds are not guaranteed, 
their values change frequently and past performance may not be repeated. 
For more information, please visitwww.cclcapitalmarkets.com or contact: 
Darren Cabral Vice President & CFO Connor, Clark & Lunn Capital Markets Inc. 
(416) 214-6182 or 1 (888) 276-2258 cclcapitalmarkets@cclgroup.com 
SOURCE: Canadian 50 Advantaged Preferred Share Fund 
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CO: Canadian 50 Advantaged Preferred Share Fund
ST: Ontario
NI: FIN NEWSTK  
-0- Dec/05/2012 13:30 GMT