Connor, Clark & Lunn 2007 Flow-Through Limited Partnership has completed the tax-deferred transfer of its assets into CC&L Natural Resources Fund Inc., Connor, Clark & Lunn Capital Markets Inc. said Thursday.

The LP assets were exchange for class A shares of CC&L Natural Resources Fund and the LP has been dissolved.

The final net asset value per LP unit was $12.4962 and the net asset value of CC&L Natural Resources Fund was $10 per class A share. Limited partners of the LP received 1.24962 redeemable class A shares of CC&L Natural Resources Fund for each LP unit held.

The fund is actively managed by the same team of portfolio managers at Connor, Clark & Lunn Investment Management Ltd. responsible for the investments of the LP.

The fund seeks to generate long term growth by providing investors with exposure to Canadian natural resources companies. Investors can defer incurring the capital gains tax liability that arises upon disposition of their investment by retaining their investment in CC&L Natural Resources Fund, CC&L said.

IE