Toronto, Ontario, June 29, 2007- R Global Value
Fund (the "Fund"), today announced that it will restate its annual
management report of fund performance dated December 31, 2006.
The re-filing will correct the presentation of past performance
of Series I units of the Fund for the 2005 calendar year and for
multi-year periods that extend through 2005 to reflect an anomalous
performance impact resulting from a brief period during which no
Series I units were outstanding. The error was detected during an
internal review of the Fund's disclosure documents.
The error does not affect past performance of the Fund's Series A
units, which are held by retail investors. The restatement affects
only the Fund's Series I units, which are only available to
investors who sign a Series I account agreement with the manager of
the Fund.
The Fund expects to file the restated management report of fund
performance in the first week of July, 2007. The restated
management report of fund performance will be available through
SEDAR and through the www.iaclarington.com
website.
About the Fund
The Fund is managed by IA Clarington Investments Inc., and had
approximately $100 million in assets as at May 31,
2007.
For additional information, please contact:
David Scandiffio
President, IA Clarington Investments Inc.
(416) 585-5738
David.Scandiffio@iaclarington.com