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Toronto, ON – October 23, 2025 – Connor, Clark & Lunn Funds Inc. (the “Manager”) today announced its intention to terminate CC&L Market Neutral Fund (the “Fund”). The termination is scheduled to take effect on or about December 10, 2025.

The decision to terminate the Fund was made after careful consideration of various factors and is part of the Manager’s ongoing effort to ensure its product lineup remains aligned with investor preferences and needs and meets long-term goals.

Effective October 23, 2025, units of the Fund will no longer be available for purchase. Existing unitholders may redeem or switch their units of the Fund for settlement on or prior to the close of business on December 9, 2025. After that time, any remaining unitholders will have their units automatically redeemed at the net asset value per unit as of the termination date.

A notice with further information regarding the termination of the Fund will be sent to unitholders of the Fund. Unitholders are encouraged to speak with their Financial Advisors to discuss the termination and their investment options.

About Connor, Clark & Lunn Funds Inc.

Connor, Clark & Lunn Funds Inc. partners with leading Canadian financial institutions and their investment advisors to deliver unique institutional investment strategies to individual investors through a select offering of funds, alternative investments and separately managed accounts.

By limiting the offering to a focused group of investment solutions, Connor, Clark & Lunn Funds Inc. is able to deliver unique and differentiated strategies designed to enhance traditional investor portfolios. For more information, please visit www.cclfundsinc.com.

For further information, please contact:
Lisa Wilson
Manager, Product & Client Service
Connor, Clark & Lunn Funds Inc.
416-864-3120
[email protected]

Caution concerning forward-looking information

Certain statements in this press release may contain forward-looking statements or forward-looking information that are predictive in nature and may include words such as “expects,” “anticipates,” “intends,” “plans,” believes,” “estimates” and similar forward-looking expressions or negative versions thereof. All information other than statements of historical fact may be forward-looking information. All forward-looking information in this press release is qualified by these cautionary statements. Forward-looking information in this press release includes, but is not limited to, statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, or expectations, including, but not limited to, the proposed termination of the Fund and the anticipated process for such termination. Such forward-looking information reflects management’s beliefs and is based on information currently available. Such forward-looking statements are based on current expectations and projections about future general economic, political, and other relevant market factors, and assumes there will be no changes to applicable tax or other laws or regulations. Although the Manager believes that the expectations reflected in such forward-looking information are reasonable, expectations and projections about future events are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable and, accordingly, may prove to be incorrect at a future date. Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements. A number of important factors can contribute to these differences, including, but not limited to, general economic, political, and market factors in Canada and internationally, global equity and capital markets, business competition, and catastrophic events. You should avoid placing any undue reliance on forward-looking statements. The forward-looking information contained in this press release is presented as of the preparation date of this press release and should not be relied upon as representing the Manager’s views as of any date subsequent to the date of this press release. The Manager disclaims any and all responsibility to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as specifically required by law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any funds and/or investment products managed or advised by the Manager or any of its affiliates, and is not, and should not be construed as, investment, tax, legal, or accounting advice, and should not be relied upon in that regard. Commissions, fees, and expenses all may be associated with investments in funds and/or other investment products managed or advised by the Manager or any of its affiliates. Please read a fund’s offering memorandum or prospectus, as applicable, which contains detailed information, and speak to an advisor before investing. Funds are not guaranteed, their values change frequently, and investors may experience a gain or loss. Past performance may not be repeated.

Toronto, ON, September 29, 2025 – Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce the acquisition of a 49% interest in a portfolio of three operating Ontario-based wind projects totaling approximately 235 megawatts (MW) of gross capacity from NextEra Energy Resources, LLC (Energy Resources). With this investment, CC&L Infrastructure’s renewable energy portfolio now represents nearly 2.4 gigawatts (GW) of gross capacity, including more than 1.2 GW of wind capacity across 10 distinct assets diversified by market, counterparty, jurisdiction, and wind regime.

Adelaide Wind, Bornish Wind and Goshen Wind (the Projects), are located in southern Ontario and have gross capacities of approximately 60 MW, 73 MW and 102 MW respectively, together generating energy equivalent to the annual consumption of over 200,000 Ontario households. All of the energy generated by the Projects is sold under 20-year Power Purchase Agreements (PPAs) to the Independent Electricity System Operator (IESO) (rated Aa3 by Moody’s). Energy Resources will retain a 51% ownership in the Projects and will continue to manage and operate the assets going forward.

“This acquisition further advances our strategy of building a resilient, long-term portfolio of infrastructure assets underpinned by strong counterparties and stable cash flows,” said Matt O’Brien, President of CC&L Infrastructure. “These projects strengthen our presence in the Ontario renewable market and demonstrate our commitment to responsible investment in projects that deliver attractive risk-adjusted returns.”

The Projects provide meaningful long-term economic contributions to the communities in which they operate through property taxes and direct funding. The Projects also have community benefit agreements in place with several local Indigenous groups.

“This transaction reflects both the strong fundamentals we continue to see in the Canadian renewables market and the ability of our team to execute on complex acquisitions with leading industry partners,” said Eric Reidel, Managing Director of CC&L Infrastructure. “We are pleased to have worked collaboratively with Energy Resources to complete this transaction, which highlights our relationship-driven approach to sourcing opportunities that add long-term value to our portfolio.”

CIBC Capital Markets served as CC&L Infrastructure’s financial advisor on the transaction and Torys LLP served as its legal counsel.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. To date, CC&L Infrastructure has accumulated approximately $7 billion in assets under management diversified across a variety of geographies, sectors and asset types, with over 100 underlying facilities across over 35 individual investments. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage approximately $154 billion in assets.

Contact

Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Toronto, ON – MidStar Capital Corp. announced today that it closed a senior term loan credit facility in support of Eos Management L.P.’s refinancing of Legacy Supply Chain Holdings, Inc.

MidStar Capital acted as Sole Lead Arranger and Administrative Agent on this transaction.

“We are pleased to have completed our first deal with MidStar Capital. Their seamless approach and dedication to partnership made the process smooth and efficient. We look forward to working together on future opportunities,” said Adam Gruber, Managing Director, Eos Management.

“Executing on Legacy’s growth strategy requires strategic partners,” said Mike Glodziak, President and CEO of Legacy Supply Chain. “Throughout the process, MidStar demonstrated to us that they were the right partner to help fuel our growth.”

About Eos Management L.P.

Formed in 1994, Eos Management is an investment firm with a decades-long track record of making private equity investments in middle-market companies. Eos Management partners with management teams to expand and strengthen their capabilities, accelerate growth both organically and through acquisition, and grow these businesses into larger scale, leading enterprises.

About Legacy Supply Chain Holdings, Inc.

Legacy Supply Chain has been a trusted partner for businesses seeking greater control over their dynamic supply chains for over 40 years. With over 30 operations across the United States and Canada, Legacy Supply Chain is a leading North American, third-party logistics provider offering tailored warehousing and distribution, eCommerce fulfillment, and transportation solutions. These solutions drive control over dynamic, omnichannel supply chains, enabling businesses to deliver exceptional customer experiences.

About MidStar Capital Corp.

MidStar Capital provides structured private debt financing solutions targeting borrowers with EBITDA between $5 million and $50 million. MidStar was launched in January of 2017 and is a partnership owned jointly by the MidStar management team and Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group).

MidStar Capital is part of CC&L Financial Group, an independent, employee-owned, multi-boutique asset management firm with over 40 years of history. Collectively managing over CAD154 billion in assets, CC&L Financial Group and its affiliate firms offer a diverse range of investment products and solutions to institutional, high-net-worth and retail clients.

For enquiries, please contact:

MidStar Capital
Tanya Taggart
Co-Founder
416-862-6182
[email protected]

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce the recent closing of more than US$200 million in bank financing with a syndicate of international institutions, including CIBC, MUFG, Desjardins Group, and SuMi TRUST, across its portfolio of US renewable power projects.

The portfolio, which was acquired in 2021 alongside Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company, both part of Desjardins Group, represents more than 560 megawatts (MW) of installed capacity. This includes a 200 MW solar project in Indiana, as well as four wind farms located in Indiana, Wisconsin, Oklahoma, and Ohio with an aggregate installed capacity of more than 360 MW. Each asset is fully contracted through long-term power purchase agreements with high-quality offtakers, and the portfolio provides geographically diversified exposure to three distinct US electricity markets.

“The completion of this refinancing marks a notable achievement by our asset management team,” said Moira Turnbull-Fox, Head of Asset Management for CC&L Infrastructure. “It demonstrates our proactive approach to financial optimization and value creation. By leveraging the strength of our existing assets and relationships, we have successfully secured an attractive financing package that is accretive to value. These efforts align with our disciplined investment strategy, ensuring long-term value for our investors.”

CC&L Infrastructure owns more than two gigawatts of gross renewable power capacity globally, diversified across a variety of energy markets, contract counterparties, regulatory jurisdictions and technologies (i.e. wind, solar and hydro). In aggregate, CC&L Infrastructure has closed over $5 billion in renewable power debt financings in recent years.

National Bank of Canada Capital Markets served as financial advisor to CC&L Infrastructure on the financing, Torys LLP acted as borrower’s counsel, and Winston & Strawn LLP acted as lender’s counsel.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. To date, CC&L Infrastructure has accumulated approximately $7 billion in assets under management diversified across a variety of geographies, sectors and asset types, with more than 100 underlying facilities across 35 individual investments. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm.

About Connor, Clark & Lunn Financial Group Ltd.

Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is an independently owned, multi-affiliate asset management firm that provides a broad range of traditional and alternative investment management solutions to institutional and individual investors. CC&L Financial Group brings significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing talented investment managers to focus on what they do best. CC&L Financial Group’s affiliates manage over $154 billion in assets. For more information, please visit cclgroup.com.

Contact:

Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Connor, Clark & Lunn Private Capital Ltd. (CC&L Private Capital) is pleased to announce that Cameron Smith is joining its leadership team as a Managing Director, Sales Management effective September 2, 2025.

In his new role, Cameron will oversee the firm’s growth and client engagement efforts. Cameron joins CC&L Private Capital with extensive experience, having spent the past five years at Nicola Wealth as Vice President, Advisory Services, and before then in leadership and advisory roles with MD Financial Management.

With nearly two decades of experience in the financial services industry, Cameron possesses extensive knowledge and expertise in delivering wealth management services to high-net-worth clients. Cameron holds the CFP®, CIM® and FCSI® designations. “We are thrilled to welcome Cameron to our firm,” said Jeff Guise, Managing Director, Chief Investment Officer at CC&L Private Capital. “His character, leadership and industry knowledge will be invaluable attributes to CC&L Private Capital as we continue to serve our clients and enhance our offering.”

“I am honoured to join CC&L Private Capital,” said Cameron. “The firm’s investment philosophy and governance are best-in-class, and I am proud to be part of a team with some of the most dedicated Wealth Advisors in the country. I believe the firm is poised for further growth, and I look forward to contributing to that success.”

CC&L Private Capital provides expert wealth management advice to high-net-worth families, foundations, and Indigenous communities across the country. With over $18 billion in assets under management, it is one of Canada’s largest independent and privately held investment managers, and is part of the broader Connor, Clark & Lunn Financial Group.

Banyan is pleased to share that Purity Life Health Products has completed the acquisition of the assets of Horizon Grocery + Wellness, PSC Natural Foods and Ontario Natural Food Company. The news of the acquisition was shared in the following press release:

Purity Life Health Products LP (“Purity Life”) is excited to announce the acquisition of the assets of Horizon Distributors Ltd. (“Horizon”), PSC Natural Foods Ltd. (“PSC”) and Ontario Natural Food Company Inc. (“ONFC”). The merger will create one of Canada’s leading full-service distributors of organic and natural grocery and wellness products. By bringing its core wellness offering together with the market-leading positions of Horizon, PSC and ONFC in the grocery sector, Purity Life can expand and further strengthen its high-quality service to both retail and vendor partners across Canada.

Matthew James, President and CEO of Purity Life emphasized the significance of this partnership: “Together with Horizon, PSC and ONFC, Purity Life is proud to build a 100% Canadian-owned, full-service distributor – delivering natural and organic grocery and wellness products with our #EasyToDoBusinessWith commitment across every category and retail channel in Canada.”

The combined company will operate under the Purity Life brand going forward through two distinct divisions: Purity Life Grocery and Purity Life Wellness. Terri Newell, CEO of Horizon, will lead Purity Life’s Grocery division.

“The combination with Purity Life is an ideal path forward for Horizon, PSC and ONFC,” Ronald Francisco, President and majority shareholder of Horizon, PSC and ONFC, said, sharing his perspective. “The companies share similar values and are focused on serving customers and vendor partners with excellence while being an employer of choice. Together, the companies are a strong complement and will create a leading distributor to progress the organic and natural grocery and wellness industry in Canada.”

Jeff Wigle, Managing Director and Group Head of Banyan Capital Partners, the majority owner of Purity Life added “I first met Ron shortly after we partnered with Matthew to acquire Purity Life in 2012, and since then I have continued to admire what he has built at Horizon, PSC and ONFC. These companies have deep roots and strong connections across Canada’s natural food industry, and we are thrilled to bring that legacy into the Purity Life family. I look forward to welcoming Ron, Terri and their talented teams as we continue to grow and strengthen our business together.”

This transaction will allow Purity Life to strengthen its service offering to all stakeholders in the natural health products industry in Canada, creating a nationalized distribution platform for grocery and wellness products while allowing Purity Life to continue to service its customers and vendors with the highest possible quality.

About Purity Life Health Products LP

Purity Life provides full-service national distribution across Canada, supporting both brands and retailers with expert category management, dependable logistics solutions and more. Founded in 1984, Purity Life has grown to be Canada’s leading supplier of natural health products, offering over 12,000 natural health products from more than 400 leading brands.

About Horizon Distributors Ltd.

Founded in 1976 and based in Burnaby, British Columbia, Horizon Distributors is Western Canada’s leading distributor of organic and natural food products across the dry, chilled and frozen grocery categories, in addition to natural personal care and nutritional health supplements.

About PSC Natural Foods Ltd.

PSC Natural Foods, based in Victoria, British Columbia, is a distributor of organic and natural foods, having served the Vancouver Island community since 1978.

About Ontario Natural Food Company Inc.

Ontario Natural Food Company, based in Mississauga, Ontario, has distributed a diverse selection of organic and natural food items throughout Eastern Canada since it was established in 1976.

About Banyan Capital Partners

Banyan Capital Partners is a private equity firm focusing on investments in middle‐market businesses across North America. Banyan is an affiliate of Connor, Clark & Lunn Financial Group (CC&L Financial Group), a multi‐ boutique asset management firm that provides a broad range of distinct and independently managed investment products and services to individual and institutional investors. CC&L Financial Group and its affiliated companies collectively manage over $154 billion.

Media contact

Matthew James
President & CEO
Purity Life Health Products LP
#EasyToDoBusinessWith
[email protected]
519-851-4045

Our 2024 Responsible Investment report reflects our commitment to sustainable infrastructure investments and reports on the initiatives we’ve taken across our portfolio over the past year.

Report highlights:

Long-term investors: As an employee-owned business, we invest directly alongside our clients – aligning our success with theirs. This shared commitment drives our focus on building and maintaining a resilient, high-performing portfolio that delivers long-term value.
Sustainable practices: Given the long-term nature of our investments, we recognize that operating responsibly is essential to protecting and enhancing asset value. We identify, assess, price, manage and monitor material responsible investment-related risks and opportunities throughout the investment lifecycle.
Impactful projects: Our investments provide essential services across a diverse asset base of critical transportation, social and renewable energy infrastructure, including over 2 GW of operating capacity through a range of clean energy sources including wind, hydro and solar.
Community engagement: We actively work with like-minded partners and stakeholders, including local communities and Indigenous groups to align interests, foster mutual understanding and ensure that those impacted by our projects are meaningfully engaged throughout the asset lifecycle.

Access the full report

We would like to announce that Bryce Walker has taken on the role of President and CEO of Connor, Clark & Lunn Funds Inc. (“CC&L Funds”) and has been named Ultimate Designated Person (“UDP”).

Tim Elliott is joining Connor, Clark & Lunn Investment Management Ltd. (“CC&L Investment Management”) in a role on its institutional client solutions team, effective July 1, 2025.

Bryce Walker joined CC&L Funds in 2012 as Vice President, Business Development, leading sales and service efforts in Western Canada. In 2018 he became Senior Vice President, Business Development, taking on the leadership of the sales and service teams across all of Canada.

Tim Elliott originally joined Connor, Clark & Lunn Financial Group Ltd. (“CC&L Financial Group”) in 2007 and founded CC&L Funds in 2012 with the aim of delivering unique and proven institutional investment strategies to the Canadian wealth management market through full-service investment dealers and the multi-family office channel. Since that time, the firm has grown rapidly in assets, strategies and people, to be recognized as a leader in the market for separately managed accounts (“SMAs”) and in liquid alternative and niche investment fund strategies.

“I’m very proud of the team and business that we have built at CC&L Funds in delivering unique, institutional-calibre investment solutions and in creating strong partnerships with some of the best Advisors and organizations in Canadian wealth management,” said Tim Elliott. “I’m really excited to be joining CC&L Investment Management at a time of rapid institutional growth for the firm, and also to see where Bryce and our terrific team can take the CC&L Funds business from here.”

“Tim and I have worked closely together for the past 12 years in building a business that is relatively unique in Canada, given our specialized approach in the wealth market, backed by one of Canada’s largest privately owned asset managers. I’m excited to lead the business forward through this next phase of growth and expansion,” said Bryce Walker.

This transition will support the strong growth for both CC&L Investment Management, particularly in the institutional market, and for CC&L Funds in Canadian wealth management, and is consistent with CC&L Financial Group’s long-term approach to succession planning.

About Connor, Clark & Lunn Funds Inc.

By limiting the offering to a focused group of investment solutions, CC&L Funds is able to deliver unique and differentiated strategies designed to enhance traditional investor portfolios. For more information, please visit www.cclfundsinc.com.

About Connor, Clark & Lunn Investment Management Ltd.

Connor, Clark & Lunn Investment Management Ltd. is one of the largest independent partner-owned investment management firms in Canada with $78 billion in assets under management. Founded in 1982, CC&L Investment Management offers a diverse array of investment services including equity, fixed income, balanced and alternative solutions including portable alpha, market neutral and absolute return strategies. For more information, please visit cclinvest.cclgroup.com.

About Connor, Clark & Lunn Financial Group Ltd.

Connor, Clark & Lunn Financial Group Ltd. is an independently owned, multi-affiliate asset management firm that provides a broad range of traditional and alternative investment management solutions to institutional and individual investors. CC&L Financial Group brings significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing talented investment managers to focus on what they do best. CC&L Financial Group’s affiliates manage over $142 billion in assets. For more information, please visit www.cclgroup.com.

Contact

Lisa Wilson
Manager, Product & Client Service
Connor, Clark & Lunn Funds Inc.
416-864-3120
[email protected]

Listen to the latest episode of the East of Montreal podcast featuring Jeff Wigle, Managing Director and Group Head at Banyan Capital Partners, as he discusses our private equity strategy, experience investing in Atlantic Canada and Newcrete and his views of the current market.

Listen to the full episode of the East of Montreal podcast.

Listen now

Crestpoint is pleased to announce the appointment of Scott Antoniak as our new Executive Vice President and Head of Investments. Bringing with him over 30 years of experience in all facets of the real estate industry, he has been involved in deal origination, underwriting and transaction execution, and oversaw significant portfolio growth and expansion in his previous roles.

Scott has held several senior roles over his career including Executive Director of Real Estate Investment Banking at CIBC Capital Markets, Managing Director at Slate Asset Management and CEO of Slate Office REIT. Reporting directly to Kevin Leon, President and CEO, and working alongside the rest of the Crestpoint senior leadership team, Scott will focus on leading our Investment team and growing our portfolio of real estate assets. His expertise and leadership will be invaluable as we enhance our direction, agility, and effective execution.

CC&L Financial Group Ltd.

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About Connor, Clark & Lunn Investment Management Ltd.

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