Connor, Clark & Lunn 2010 Flow-Through Limited Partnership has filed a preliminary prospectus for an initial public offering of units, Connor, Clark & Lunn Capital Markets Inc. announced Tuesday.

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.

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., GMP Securities L.P., Raymond James Ltd., Canaccord Financial Ltd., HSBC Securities (Canada) Inc., Manulife Securities Inc., Dundee Securities Corp., Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc.

Connor, Clark & Lunn Investment Management Ltd. will provide investment advisory and portfolio management services to the partnership. It has over $19.7 billion of assets under its management as of Dec. 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

Both companies are part of the Connor, Clark & Lunn Financial Group, which is responsible for the investment of over $35 billion in financial assets.

IE