A final prospectus for the Connor, Clark & Lunn 2010 Flow-Through Limited Partnership has been filed for an initial public offering of units, Connor, Clark & Lunn Capital Markets Inc. said Wednesday.

Closing is expected to occur on May 6

The partnership’s investment objective is to provide limited partners with a tax-assisted investment in a diversified portfolio of flow-through shares of resource issuers with a view to achieving capital appreciation.

The principal business of the resource issuers will be: oil and gas exploration, development and production; mineral exploration, development and production; or certain energy production that may incur certain start-up phase costs of renewable energy and energy efficient projects.

The original investment amount made by limited partners is intended to be 100% tax deductible in 2010.

CC&L Investment Management Ltd. as the investment advisor will provide investment advisory and portfolio management services to the partnership. As part of the Connor, Clark & Lunn Financial Group, CC&L Investment Management has over $19.7 billion of assets under its management as of December 31, 2009, of which approximately $4.3 billion was invested in energy and materials sector investments.

Connor, Clark & Lunn Capital Markets Inc. will be the manager of the partnership. It has raised more than $1.5 billion in assets since 2004.

The units are being offered for sale by a syndicate of agents led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc. and includes National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Financial Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc.