Toronto, Ontario November 2, 2009 - IA
Clarington Investments Inc. ("IA Clarington"), today announced that
it has changed its policies regarding the waiver and absorption of
fees and expenses applicable to the Series A, B and X units of IA
Clarington Money Market Fund (the "Fund").
With the current low interest rate environment, IA Clarington
has decided to temporarily waive a portion of its management fee in
order to ensure that the Fund does not see a negative yield, and
permit it to possibly see a positive yield. In order to facilitate
this waiver of IA Clarington's management fee, it will reduce the
trailer fee applicable to the Series A, B and X units of the Fund
to 0%, effective December 16, 2009. It will continue to monitor its
management fee and applicable trailer fees in light of market
conditions and may discontinue or change its fee waiver or trailer
fee rate from time to time as it deems fit.
About IA Clarington Investments Inc.
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
just over $7.1 billion in assets as at October 31, 2009.
For more information contact:
Eric Frape
Senior Vice-President, Product and Business Development
IA Clarington Investments Inc.
416-860-9880
Toll-Free 1-888-860-9888
Email: eric.frape@iaclarington.com
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated.
IA Clarington is a trademark of IA Clarington Investments Inc. and
the IA Clarington logo is a trademark of Industrial Alliance
Insurance and Financial Services Inc.