Mr. Darren Cabral reports

CONNOR, CLARK & LUNN CAPITAL MARKETS INC. DECLARES DISTRIBUTIONS FOR FUNDS

Connor, Clark & Lunn Capital Markets Inc. has declared September, 2012, cash distributions for the funds listed in the attached table.

                                           DISTRIBUTIONS

Fund                                          Trading   Distribution      Record date  Payable date Distribution 
                                               symbol         amount                                      amount
                                                           (per unit) 
Australian Banc Income Fund
(Class A units and Class F units)              AUI.UN        $0.1875   Sept. 28, 2012 Oct. 15, 2012        $0.75
Build America Investment Grade Bond Fund
(Class A units and Class F units)*             BAB.UN        $0.1198   Sept. 28, 2012 Oct. 15, 2012        $1.44
CC&L Financial Opportunities Fund
(Class A units and Class F units)              GFO.UN       $0.01833   Sept. 28, 2012 Oct. 15, 2012        $0.22
Canadian 50 Advantaged Preferred Share Fund
(Class A and F units)*                         CPF.UN        $0.3125   Sept. 28, 2012 Oct. 15, 2012        $1.25
Canadian Banc Capital Securities Trust
(Class A units and Class F units)*             CSB.UN         $0.375   Sept. 28, 2012 Oct. 15, 2012        $1.50

* Distributions are expected to be characterized as 100-per-cent return of capital.