Connor, Clark & Lunn Real Return Income Fund announced on Monday that the estimated weekly net asset values per unit published from January 23 to July 24, 2009 were incorrect as the result of a mistake by the fund’s valuation agent, RBC Dexia.

The error was a result of a failure to add the inflation factor for a U.S Treasury Inflation Protected Security included in the portfolio to its traded price, the company said.

The reported NAVs were lower than the correct NAV throughout the period, with the maximum difference being 21¢ on a NAV of $7.68. No units were retracted or issued at the originally published NAVs.

Connor, Clark & Lunn Capital Markets Inc., the fund’s manager, assured investors that it has reviewed the matter with the valuation agent. The company said the systems in place to prevent such errors are being assessed, and if necessary, would be augmented with further redundant checks.

IE