Connor, Clark & Lunn Investment Management Ltd. revised Statement of Investment Policies and Procedures

March 17, 2014

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).

Effective January 2014, Connor, Clark & Lunn Investment Management Ltd. (CC&L) has revised its Statement of Investment Policies and Procedures (SIP&P) for the following Canadian Equity funds offered in Sun Life Financial’s Core investment platform:  

  • CC&L Group Balanced Plus Segregated Fund
  • CC&L Group Canadian Equity Segregated Fund*
  • CC&L Group Income & Growth Segregated Fund
  • CC&L Canadian Small Cap Segregated Fund

* CC&L Group Canadian Equity is an underlying component in the CC&L Group Balanced Plus Segregated Fund.

Under Permitted Investments, the SIP&P was revised to include the following wording  for the funds listed below:  

CC&L Group Canadian Equity and CC&L Canadian Small Cap

SIP&P wording prior to January 2014 SIP&P wording effective January 2014
The Fund may hold various equity securities including common shares, limited partnerships, royalty trusts, income trusts and real estate investment trusts that are traded on recognized Canadian exchanges, private placements of publicly traded companies, rights, warrants, cash and cash equivalents, and derivatives as outlined elsewhere in this Schedule. The Fund may hold equity securities issued by companies that are either listed or approved for listing on recognized Canadian exchanges.  Equity securities include common shares, limited partnerships, royalty trusts, income trusts, real estate investment trusts, private placements, subscription receipts, initial public offerings, rights and warrants.  The Fund may also hold cash and cash equivalents, and derivatives as outlined elsewhere in this Schedule.  

 

CC&L Group Income & Growth

SIP&P wording prior to January 2014 SIP&P wording effective January 2014
The Fund holds various income oriented equity type unit trust securities including limited partnerships, royalty trusts, income trusts, real estate investment trusts (REITs), enhanced income securities, income participating securities, income deposit securities and other such income oriented equity instruments as are traded on recognized exchanges. The Fund may also hold rights, warrants, debentures, cash and cash equivalents, and derivatives as outlined elsewhere in this Schedule. The Fund may hold income oriented equity securities issued by companies that are either listed or approved for listing on recognized Canadian exchanges. Equity securities include common shares, limited partnerships, royalty trusts, income trusts, real estate investment trusts, enhanced income securities, income participating securities, income deposit securities, private placements, subscription receipts, initial public offerings, rights and warrants. The Fund may also hold debentures, cash and cash equivalents, and derivatives as outlined elsewhere in this Schedule.

 

CC&L's SIP&P outlines the investment objectives, strategies and guidelines for the investment funds managed by CC&L. A copy of the revised SIP&P will be available on Sun Life Financial's Plan Sponsor Services website at www.sunlife.ca/sponsor. When logged into the website, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments & Governance reports.

Questions?
Please contact your Sun Life Financial Group Retirement Services representative.