Press Releases

IA Clarington announces changes to its global fund line up

Fri, 13 Apr 2012 10:05:01 GMT

Toronto, Ontario, April 13, 2012 - IA Clarington Investments Inc. ("IA Clarington") today announced proposed changes to its fund family designed to streamline its mutual fund line-up for investors.

Subject to receipt of investor and regulatory approval, it is proposed that IA Clarington Global Small Cap Fund (the "Terminating Fund") be merged into IA Clarington Global Equity Fund, effective June 25, 2012. IA Clarington Global Equity Fund will continue to be managed by Radin Capital Partners Inc. ("RCP"), and will change its name to IA Clarington Global Opportunities Fund in June.

"These changes reflect an initiative to streamline the IA Clarington mutual fund family and provide advisors and investors with increased operational efficiencies," said David Scandiffio, President of IA Clarington.

RCP is led by Brad Radin, who managed an award-winning global small/midcap equity fund at a large Canadian mutual fund company for more than 10 years prior to his departure in February 2011. RCP is currently managing both funds using the same investment approach, however the Terminating Fund has a greater bias towards small cap stocks.

Investors in the Terminating Fund will be asked to ratify the proposal at a meeting scheduled for June 18, 2012. A proxy voting package and information circular detailing the proposed merger will be sent to unitholders in late May. Please note that IA Clarington Global Small Cap Fund will be closed to new sales, with the exception of PACs, at the end of business on April 20, 2012.

The proposed merger was approved by the Board of Directors of IA Clarington Investments Inc. at a meeting held on April 10, 2012. The Independent Review Committee of the funds also considered the matter and provided a positive recommendation that the merger would achieve a fair and reasonable result for the funds.

About IA Clarington

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $10 billion in assets as at December 31, 2011. www.iaclarington.com

For further information

Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington launches Strategic Corporate Bond Class managed by Dan Bastasic

Thu, 12 Apr 2012 09:15:30 GMT

Toronto, Ontario, April 12, 2012 - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced the launch of IA Clarington Strategic Corporate Bond Class. The Fund is a class of shares of Clarington Sector Fund Inc., a corporation offering class funds with exposure to Canadian and global equities, global balanced, as well as Canadian balanced and fixed income mandates.

IA Clarington Strategic Corporate Bond Class has exposure to high yield and corporate bonds and will provide tax-efficient income paid on a monthly basis through a Series T investment option. IA Clarington Strategic Income Class, which will be exposed to the portfolio of IA Clarington Strategic Income Fund, is expected to be available in May of this year.

"We're pleased to now be able to offer investors access to manager Dan Bastasic through a corporate class option", said Eric Frape, Senior Vice President, Product and Business Development at IA Clarington. "Dan has an award-winning track record and will be providing income-seeking investors with tax-efficient exposure to income producing investments."

IA Clarington provides investors with an extensive range of income solutions for both registered and non-registered accounts.

Dan Bastasic also manages IA Clarington Strategic Income Fund, IA Clarington Strategic Corporate Bond Fund and IA Clarington Strategic Equity Income Fund, along with segregated fund versions of the IA Clarington Strategic Equity Income Fund.

About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $10 billion in assets as at December 31st, 2011. www.iaclarington.com

For further information
Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

Aston Hill and IA Clarington Revise Agreements to Enhance Exclusivity with Ben Cheng and Encourage Future Growth

Tue, 27 Mar 2012 14:58:43 GMT

TORONTO, March 27, 2012 - Aston Hill Financial Inc. ("Aston Hill") and IA Clarington Investments Inc. ("IA Clarington") today announced that they have amended the sub-advisory agreements between Aston Hill's subsidiary Aston Hill Asset Management Inc. ("AHAMI") and IA Clarington to provide renewed exclusivity to IA Clarington for the portfolio management and advisory services of Ben Cheng while providing Aston Hill with greater freedom to pursue its growth strategies in other areas of its business. The amendments confirm that, other than for two existing grandfathered funds, Ben Cheng will act as portfolio manager exclusively for IA Clarington mutual funds without regard to asset thresholds or any other requirements. In return, Aston Hill will have greater freedom to expand its investment fund line-up with new mutual funds that will not directly compete with the IA Clarington funds managed by Mr. Cheng. Aston Hill also will have greater freedom to launch closed-end funds and alternative investment products.

"We value our relationship with IA Clarington which has been a significant source of assets under management for our company," said Eric Tremblay, Chief Executive Officer of Aston Hill. "The new arrangement reflects perfectly our business plan to continue building our proprietary investment fund line-up by adding products in areas we do not currently service, while showcasing the investment expertise of our growing portfolio management team," Mr. Tremblay added.

Mr. Cheng will continue to act as Chief Investment Officer of Aston Hill, but will not be actively involved in the portfolio management or asset allocation decisions of funds other than IA Clarington funds and the grandfathered funds. As Chief Investment Officer, Mr. Cheng will continue to provide oversight by setting the general investment policies of Aston Hill and reviewing the performance of the portfolio management team. "We have a successful and mutually rewarding relationship between our firms and are very pleased that our agreements have been revised in a way that will facilitate the future growth of our respective businesses while allowing IA Clarington to maintain a special relationship with Mr. Cheng," said David Scandiffio, President of IA Clarington.

Mr. Cheng is currently lead portfolio manager for the IA Clarington Tactical Income Fund, IA Clarington Tactical Income Class, IA Clarington Global Tactical Income Fund, IA Clarington Global Tactical Income Class, IA Clarington Tactical Bond Fund and IA Clarington Tactical Bond Class, representing a combined $2.6 billion in fund assets.

About Aston Hill
Aston Hill is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds with assets under management of $5.90 billion as at February 29, 2012. It also is engaged in oil and gas property management. Aston Hill has offices in Calgary and Toronto.

About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. The Company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. IA Clarington managed more than $10 billion in assets as at December 31st, 2011. www.iaclarington.com

For further information

Aston Hill Financial Inc.
Eric Tremblay
Chief Executive Officer
403.770.4817

IA Clarington Investments Inc.
Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington partners with David Taylor to provide new opportunities for Canadian investors

Tue, 06 Mar 2012 19:46:05 GMT

Toronto, Ontario, March 7, 2012 - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced its intention to strengthen its product line-up by entering into an exclusive agreement with Taylor Asset Management Inc., led by renowned portfolio manager David Taylor, to serve as a sub-advisor on new Canadian equity and Canadian balanced mutual funds.

Mr. Taylor has over 24 years of experience in the investment industry. Most recently he oversaw more than $8 billion in assets and managed a number of funds at a large Canadian investment management firm, before leaving last fall to form Taylor Asset Management.

"We are very excited about our exclusive agreement with Taylor Asset Management. Partnering with David Taylor reflects our commitment to providing our clients with access to portfolio managers with proven track records and high conviction views," said David Scandiffio, President of IA Clarington.

"In light of the constantly changing investment landscape, Canadian investors need to have a broad range of investment choices," added Mr. Scandiffio. "The experience and philosophy of Taylor Asset Management will provide our investors access to a distinct investment strategy for their portfolios."

"I am excited to be entering into a partnership with IA Clarington. The firm is well respected in the advisor community and it is important for me to partner with a team that shares my commitment to advisors," said Mr. Taylor. "IA Clarington has a very strong stable of reputable portfolio managers, and I'm proud to now be part of that line-up." IA Clarington expects to announce further details on the mandates to be managed by Taylor Asset Management in the near future.

IA Clarington's addition of Taylor Asset Management reflects its continued commitment to adding best-in-class money management capabilities. In 2008, the Company added both Aston Hill Investments Inc. and Sarbit Advisory Services Inc. as portfolio sub-advisors. The following year, IA Clarington appointed QV Investors Inc. to its Canadian Balanced Fund and in 2011, the Company hired Dan Bastasic as Senior Vice President and Portfolio Manager and appointed Radin Capital Partners Inc. to manage the IA Clarington Global Equity Fund. IA Clarington is one of the fastest growing mutual fund companies in Canada. The Company managed more than $10.4 billion in assets as of December 31, 2011.

About IA Clarington

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. The Company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. www.iaclarington.com

About Taylor Asset Management

Taylor Asset Management Inc. is an independent investment management firm, founded by award-winning portfolio manager David Taylor to meet the needs of individual and institutional investors.

Our research-intensive, risk-sensitive, fundamentals-based investment process focuses on identifying securities that are undervalued to develop portfolios that deliver strong long-term growth consistent with core investments.

For further information

Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington announces conversion of IA Clarington Aston Hill Tactical Yield Fund

Wed, 15 Feb 2012 08:57:59 GMT

Toronto, Ontario, February 15, 2012 - IA Clarington (the "company") is announcing that, as per its prospectus, the IA Clarington Aston Hill Tactical Yield Fund (TSX: TYF.UN; the "Fund") will be converted into an open-end mutual fund by way of a merger into the IA Clarington Tactical Income Fund effective April 30, 2012. Investors should consider the following items of importance related to this conversion:

Investors will receive continuity of investment management as Aston Hill Asset Management Inc., lead by portfolio manager Ben Cheng, currently manages both the Fund and the IA Clarington Tactical Income Fund. Both funds follow similar investment strategies, although unlike the Fund, the IA Clarington Tactical Income Fund does not use leverage.
On the conversion date, investments in the Fund will be converted into investments of equal value in Series X units of the IA Clarington Tactical Income Fund. The management fee and dealer compensation will remain the same at a total of 1.65%. The company expects that the total management expense ratio of the Series X units of the IA Clarington Tactical Income Fund will be lower than that of the Fund.
For typical Canadian investors, the conversion of units from the Fund to the IA Clarington Tactical Income Fund will be conducted on a tax-deferred basis, so that it will not trigger a gain or loss for Canadian federal income tax purposes. For non-Canadian or business investors, different rules may apply.
The Fund will make a final distribution of realized capital gains and income to investors on or about April 26, 2012.
Following conversion, investors will be able to redeem their investments at the daily net asset value without brokerage costs.
Should an investor choose, prior to the conversion they will have the right to surrender their trust units for redemption at an amount equal to the NAV per trust unit on March 29, 2012. Investors must communicate their intention to surrender their trust units at least 15 business days prior to March 29, 2012. Investors who do not exercise this redemption right can continue to sell their units through the facilities of the TSX until shortly before the conversion date, and redeem units of the IA Clarington Tactical Income Fund after the conversion date.

About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. The Company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. IA Clarington managed more than $10 billion in assets as at December 31st, 2011. www.iaclarington.com

For further information
Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington announces plans to launch two corporate class funds along with other line up changes

Fri, 02 Dec 2011 15:30:23 GMT

Toronto, Ontario, December 5, 2011 - IA Clarington Investments Inc. ("IA Clarington" or the "Company") has filed a preliminary prospectus with securities regulators for two new corporate class funds and has filed amendments to the prospectuses of its other funds to announce changes to those funds.

IA Clarington Strategic Income Class and IA Clarington Strategic Corporate Bond Class will be managed by Dan Bastasic. The Company intends, subject to regulatory approval, to launch the funds by the end of January 2012. Both funds will provide tax-efficient income paid on a monthly basis through Series T investment options. In addition, the distribution policy for Series A units of IA Clarington Strategic Corporate Bond Fund has been amended to a monthly payout structure.

"We are committed in providing clients with more flexible options to access our award-winning portfolio management team," says David Scandiffio, President of IA Clarington. "The addition of these mandates to our corporate class structure gives advisors tax-efficient solutions to use with their clients, something which is critically important in the financial planning process."

Mr. Bastasic recently joined IA Clarington from Mackenzie Financial Corporation, where he managed several funds with combined assets of more than $2.8 billion, the majority of which was in income and equity income oriented securities.

In addition, effective December 5, 2011 the Company has announced that Industrial Alliance Investment Management Inc. will be assuming full portfolio management duties for its line up of IA Clarington Target Click Funds, replacing BNP Paribas Investment Partners Canada Limited. Industrial Alliance Insurance and Financial Services Inc. will assume the guarantee for the funds.

IA Clarington has also announced plans to reopen Series A units of IA Clarington Canadian Dividend Fund strictly to allow switches from Series X units of the Fund.

About IA Clarington

For Further Information:

Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington Appoints Radin Capital Partners to Global Mandates

Fri, 25 Nov 2011 15:20:32 GMT

Toronto, Ontario, November 28, 2011 - IA Clarington Investments Inc. ("IA Clarington" or the "Company") today announced that Brad Radin and Radin Capital Partners Inc. ("Radin Capital Partners") will assume lead portfolio sub-advisory responsibility for IA Clarington Global Equity Fund, IA Clarington Global Equity Class and IA Clarington Global Small Cap Fund on November 30, 2011. Segregated fund options will be available through the IA Clarington GIF and IA Ecoflextra programs.

Mr. Radin is well known to the Canadian investment community with an award-winning track record and over 18 years of investment industry experience. Before founding Radin Capital Partners in June of 2011, he was a portfolio manager with the Templeton Global Equity Group for more than 15 years and managed over $3.5 billion in assets.

"The appointment of Brad Radin and Radin Capital Partners is in keeping with our philosophy of engaging experienced managers with active, benchmark-agnostic management styles and high-conviction views," said David Scandiffio, President of IA Clarington. "IA Clarington is firmly committed to providing our clients with access to portfolio sub-advisors who have proven track records of outperformance."

"Today's global equity markets are volatile from a historical standpoint, helping to create some outstanding investment opportunities among the thousands of stocks which are often overlooked by funds in the global equity space," said Mr. Radin. "The unique global investment style applied by Radin Capital Partners gives investors access to these opportunities."

The investment strategies of the Funds have been amended to reflect Mr. Radin's investment philosophy. Because the Funds will follow substantially similar investment strategies, IA Clarington intends to explore a consolidation of mandates in 2012.

About IA Clarington

About Radin Capital Partners

Radin Capital Partners is an independent investment management firm founded in 2011 to provide sophisticated investors with a high-performing global equity mandate for their long-term portfolios. Radin Capital Partners manages value-focused investment portfolios of small- to mid-capitalization companies from around the globe. The Radin Capital Partners team adheres to a focused, high-conviction investment approach that seeks to produce strong long-term absolute returns.

For further information:

Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington Target Click 2015 Fund, closed to new sales

Thu, 03 Nov 2011 15:35:26 GMT

November 4, 2011 - Toronto - IA Clarington Investments Inc. ("IA Clarington") today announced that it is closing the IA Clarington Target Click 2015 Fund (the "Fund") to new sales effective 4 p.m. ET on November 11, 2011.

IA Clarington Target Click Funds are global balanced funds that guarantee their highest month-end value at maturity. As each Target Click Fund approaches its respective maturity date, its allocation to fixed income increases and its allocation to equities is reduced. This natural change in the funds allocation is carried out to protect clients as the Funds near their maturity.

"Since their inception, the Target Click Funds have provided investors with a unique combination of growth and security, two things which are highly sought after, particularly in volatile markets," said David Scandiffio, President, IA Clarington Investments Inc. "The Target Click Funds have delivered as designed, with the Target Click 2015 Fund outperforming many global balanced funds and over 97% of all unitholders in a gain position."

At this point, however, the persistent and unprecedented low interest rate environment and shorter term to maturity of the shortest date fund, the IA Clarington Target Click 2015 Fund, requires the majority of the Fund's assets to be invested in federal and provincial strip bonds in order to meet its guarantee obligation, leaving very little exposure to global equities.

In order to protect the exposure of existing investors, the IA Clarington Target Click 2015 Fund will be closed to new investors at this time, IA Clarington will commence waiving a portion of its management fees and will continue to actively manage the MER.

The other IA Clarington Target Click Funds have higher equity exposure and will remain open for sale. They provide investors with the security of knowing their investments are protected, provided they hold the Funds to maturity, while at the same time offering exposure to international equity markets.

About IA Clarington

For Further Information:

Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
Tforan@equicomgroup.com

IA Clarington launches new corporate bond fund with portfolio manager Dan Bastasic.

Fri, 23 Sep 2011 15:01:27 GMT

Toronto, Ontario, September 26^th, 2011 - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced the launch of the IA Clarington Strategic Corporate Bond Fund. The Fund will focus on corporate and high yield fixed income securities with an expected average credit rating of between B and BBB and will be run by award-winning portfolio manager Dan Bastasic.

Mr. Bastasic recently joined IA Clarington from Mackenzie Financial Corporation, where he managed several funds with combined assets of more than $2.8 billion, more than half of which was in the Mackenzie Sentinel Corporate Bond Fund.

"The economic realities facing investors have changed dramatically," said Mr. Bastasic. "An aging population combined with historically low interest rates creates a significant challenge for those in need of income. Opportunities are present in the corporate and high yield credit markets that allow us to seek out equity-like return profiles with considerably less risk than most equity investments. I believe that our active approach to providing an alternative to traditional fixed income vehicles will create more viable options for investors."

The fund offers a variety of purchase options, including Series A, Series T and Series F securities, as well as IA Clarington's new elite pricing series, Series E, which offers investors a reduction in fees for a minimum investment of $150,000.

Dan Bastasic currently also manages the IA Clarington Strategic Income Fund and the IA Clarington Strategic Equity Income Fund, the underlying fund of both the IA Clarington Dividend Income GIF and the IA Ecoflextra Dividend Income Fund.

"We're extremely pleased to offer investors a successful and experienced portfolio manager like Dan and we believe the IA Clarington Strategic Corporate Bond Fund will be a fantastic complement to our existing income-oriented products," said Eric Frape, Senior Vice President of Product and Business Development. "We see exceptional growth opportunities in income-oriented products, driven primarily by Canadian investors' appetite for income."

Income-oriented funds represented over 60% of the Canadian mutual fund industry's assets as of March 31, 2011, according to an IA Clarington calculation based on statistics from The Investment Funds Institute of Canada (IFIC).

About IA Clarington

For further information:

Crystal Quast
Senior Director, Media Relations
Equicom, a TMX Group Company

(416) 815-0700 ext. 252
CQuast@equicomgroup.com

IA Clarington strengthens its global line-up through an exclusive agreement with Radin Capital Partners

Fri, 16 Sep 2011 15:18:28 GMT

Toronto, Ontario, September 19, 2011 - IA Clarington Investments Inc. ("IA Clarington" or the "Company") has entered into an exclusive agreement with Radin Capital Partners Inc. ("Radin Capital Partners") to serve as a sub-advisor for three of its global equity mandates. This agreement will result in Brad Radin assuming lead portfolio management responsibility for IA Clarington Global Equity Fund, IA Clarington Global Equity Class, and IA Clarington Global Small Cap Fund on or after November 1, 2011 (subject to regulatory and other approvals).

Mr. Radin, an award-winning manager with over 18 years of investment industry experience, is already well known to the Canadian investment community. Before founding Radin Capital Partners in June of 2011, he was a portfolio manager with the Templeton Global Equity Group for more than 15 years and managed over $3.5 billion in assets. Mr. Radin left Templeton in February 2011.

"IA Clarington is firmly committed to providing our clients with access to portfolio managers who have proven track records of outperformance. The appointment of Brad Radin and Radin Capital Partners is in keeping with our philosophy of engaging experienced managers with active management styles and high-conviction views," said David Scandiffio, President of IA Clarington. "As the global investment landscape continues to evolve, I believe Canadian investors should be given increased access to the broad range of investment opportunities that exist outside our borders. Radin Capital Partners is uniquely positioned to offer access to some of the strongest global investment opportunities based on the company's disciplined investment philosophy, which has been honed over almost two decades."

"Today's global equity markets are volatile from a historical standpoint, helping to create some outstanding investment opportunities. The key is finding the strongest global opportunities through a proven research process," said Mr. Radin. "A diversified portfolio of well chosen global companies can help investors position themselves to make the most of today's market opportunities. IA Clarington offers an ideal platform for Radin Capital Partners' unique global investment style, and the Radin Capital team is tremendously excited to be working with one of Canada's fastest-growing mutual fund companies."

This agreement is subject to conditions, including Radin Capital Partners becoming registered as a portfolio manager with the applicable securities regulatory authorities and satisfactory due diligence by IA Clarington being completed between November 1, 2011, and February 28, 2012.

About IA Clarington

IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. The company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. IA Clarington managed more than $10.6 billion in assets as at June 30, 2011. www.iaclarington.com

About Radin Capital Partners

For further information:

Crystal Quast
Senior Director, Media Relations
Equicom, a TMX Group Company

(416) 815-0700 ext. 252
CQuast@equicomgroup.com