TORONTO, March 4, 2010 - IA Clarington
Investments Inc. (the "Manager") is pleased to announce that it has
filed a preliminary prospectus dated March 4, 2010 with the
securities regulatory authorities of all of the Canadian provinces
and territories for an initial public offering of units (the
"Units") for IA Clarington Aston Hill Tactical Yield Fund.
The Fund will be actively managed by Catapult Financial
Management Inc. ("Catapult"), and Ben Cheng will be the lead
portfolio manager responsible for the Fund.
The Fund's investment strategy is to invest primarily in:
- Canadian common and preferred equity securities and income
trust units that provide a consistent and stable source of current
income; and
- fixed income securities, including high yield corporate debt
securities, cash and cash equivalents.
Each of the equity portion and the fixed income portion
generally will represent between one-third and two-thirds of the
portfolio, with the allocation at any time being determined by
Catapult based on its view of market opportunities at the time of
investment.
The Fund's investment objectives are:
- to provide unitholders with monthly cash distributions,
initially targeted to be 6.0% per Trust Unit per annum on the
original offering price of $10.00 per Unit ($0.05 per Trust Unit
per month or $0.60 per Trust Unit per annum); and
- to maximize total returns for unitholders, consisting of both
cash distributions and capital appreciation, while reducing risk
and preserving capital.
The Fund's prospectus qualifies the issuance of units of the
Fund at a price of $10.00 per Unit. Each Unit consists of one
transferable trust unit (a "Trust Unit") and one Trust Unit
purchase warrant (a "Warrant"). The Units will separate into Trust
Units and Warrants upon the earlier of the closing of the
Over-Allotment Option and the 30th day following the closing of the
Offering. Each Warrant entitles the holder to purchase one Trust
Unit at the subscription price of $10.00 per Trust Unit on or
before 5:00 p.m. (Toronto time) on April 29, 2011. Warrants not
exercised by that date will be void and of no value.
On or before April 30, 2012, the Fund will automatically
either:
- convert to an open-ended mutual fund, or
- merge with an open-ended mutual fund on a tax-deferred basis,
to be managed by the Manager or an affiliate of the Manager.
Prospective purchasers may purchase Units either by cash payment
or an exchange of freely-tradable securities of each class or
series of securities described in the table below. Prospective
purchasers under the exchange option will be required to deposit
their eligible exchange securities prior to 5:00 p.m. (Toronto
time) on March 26, 2010 in the manner described in the preliminary
prospectus.
|
Exchange Eligible Securities
|
CUSIP
|
ISIN
|
Ticker Symbol
|
|
Aecon Group Inc.
|
00762V109
|
CA00762V1094
|
ARE
|
|
AGF Management Limited
|
001092105
|
CA0010921058
|
AGF.B
|
|
Agnico-Eagle Mines Ltd.
|
008474108
|
CA008474 1085
|
AEM
|
|
Agrium Inc.
|
008916108
|
CA0089161081
|
AGU
|
|
Alimentatin Couche-Tard Inc.
|
01626P403
|
CA01626P4033
|
ATD.B
|
|
AltaGas Income Trust
|
021360102
|
CA0213601028
|
ALA.UN
|
|
ARC Energy Trust
|
001986108
|
CA0019861081
|
AET.UN
|
|
Astral Media Inc.
|
046346201
|
CA0463462014
|
ACM.A
|
|
Atco Ltd.
|
046789400
|
CA0467894006
|
ACO.X
|
|
Bank of Montreal
|
063671101
|
CA0636711016
|
BMO
|
|
Bank of Nova Scotia (The)
|
064149107
|
CA0641491075
|
BNS
|
|
Barrick Gold Corporation
|
067901108
|
CA067901 1084
|
ABX
|
|
Baytex Energy Trust
|
073176109
|
CA073 1761098
|
BTE.UN
|
|
BCE Inc.
|
05534B760
|
CA05534B7604
|
BCE
|
|
Bell Aliant Regional Communications Income Fund
|
07786J103
|
CA07786J1030
|
BA.UN
|
|
Biovail Corporation
|
09067J109
|
CA09067J1093
|
BVF
|
|
Boardwalk Real Estate Investment Trust
|
096631106
|
CA09663 11064
|
BEI.UN
|
|
Bombardier Inc.
|
097751200
|
CA09775 12007
|
BBD.B
|
|
Bonavista Energy Trust
|
098536105
|
CA098536 1058
|
BNP.UN
|
|
Brookfield Asset Management Inc.
|
112585104
|
CA1 125851040
|
BAM.A
|
|
Brookfield Properties Corporation
|
112900105
|
CA1 129001055
|
BPO
|
|
CAE Inc.
|
124765108
|
CA1247651088
|
CAE
|
|
Calloway Real Estate Investment Trust
|
131253205
|
CA13 12532056
|
CWT.UN
|
|
Cameco Corporation
|
13321L108
|
CA13321L1085
|
CCO
|
|
Canadian Apartment Properties Real Estate Investment Trust
|
134921105
|
CA134921 1054
|
CAR.UN
|
|
Canadian Imperial Bank of Commerce
|
136069101
|
CA1360691010
|
CM
|
|
Canadian Real Estate Investment Trust
|
13650J104
|
CA13650J1049
|
REF.UN
|
|
Canadian National Railway Company
|
136375102
|
CA1363751027
|
CNR
|
|
Canadian Natural Resources Limited
|
136385101
|
CA1363851017
|
CNQ
|
|
Canadian Oil Sands Trust
|
13642L100
|
CA13642L1004
|
COS.UN
|
|
Canadian Pacific Railway Limited
|
13645T100
|
CA13645T1003
|
CP
|
|
Canadian Tire Corporation, Limited
|
136681202
|
CA13668 12024
|
CTC
|
|
Canadian Utilities Limited
|
136717832
|
CA1367178326
|
CU
|
|
Canadian Western Bank
|
13677F101
|
CA13677F1018
|
CWB
|
|
CCL Industries Inc.
|
124900309
|
CA1249003098
|
CCL.B
|
|
Chartwell Seniors Housing Real Estate Investment Trust
|
16140U100
|
CA16140U1003
|
CSH.UN
|
|
CI Financial Corp.
|
125491100
|
CA125491 1003
|
CIX
|
|
Cineplex Galaxy Income Fund
|
172453102
|
CA172453 1027
|
CGX.UN
|
|
CML Healthcare Income Fund
|
12582P105
|
CA12582P1053
|
CLC.UN
|
|
Cogeco Cable Inc.
|
19238V105
|
CA19238V1058
|
CCA
|
|
Cominar Real Estate Investment Trust
|
199910100
|
CA1999101001
|
CUF.UN
|
|
Consumers' Waterheater Income Fund
|
210724100
|
CA2107241002
|
CWI.UN
|
|
Corus Entertainment Inc.
|
220874101
|
CA2208741017
|
CJR.B
|
|
Crescent Point Energy Corp.
|
22576C101
|
CA22576C1014
|
CPG
|
|
Davis + Henderson Income Fund
|
239058100
|
CA239058 1007
|
DHF.UN
|
|
Daylight Resources Trust
|
239600109
|
CA2396001091
|
DAY.UN
|
|
Dorel Industries Inc.
|
25822C205
|
CA25822C2058
|
DII.B
|
|
Emera Incorporated
|
290876101
|
CA2908761018
|
EMA
|
|
Empire Company Ltd.
|
291843407
|
CA2918434077
|
EMP.A
|
|
Enbridge Inc.
|
29250N 105
|
CA29250N 1050
|
ENB
|
|
EnCana Corporation
|
292505104
|
CA2925051047
|
ECA
|
|
Enerflex Systems Income Fund
|
29268J104
|
CA29268J1049
|
EFX.UN
|
|
Enerplus Resources Fund
|
29274D604
|
CA29274D6046
|
ERF.UN
|
|
Ensign Energy Services Inc.
|
293570107
|
CA2935701078
|
ESI
|
|
Extendicare Real Estate Investment Trust
|
302251103
|
CA302251 1032
|
EXE.DB.A
|
|
Fairfax Financial Holdings Limited
|
303901102
|
CA303901 1026
|
FFH
|
|
Finning International Inc.
|
318071404
|
CA3180714048
|
FTT
|
|
First Quantum Minerals Ltd.
|
335934105
|
CA3359341052
|
FM
|
|
Fort Chicago Energy Partners L.P.
|
346921109
|
CA346921 1096
|
FCE.UN
|
|
Fortis Inc.
|
349553107
|
CA3495531079
|
FTS
|
|
Forzani Group Ltd. (The)
|
349907105
|
CA349907 1056
|
FGL
|
|
Franco-Nevada Corporation
|
351858105
|
CA3518581051
|
FNV
|
|
Freehold Royalty Trust
|
355904103
|
CA3 55904 1031
|
FRU.UN
|
|
Goldcorp Inc.
|
380956409
|
CA3 809564097
|
G
|
|
Great-West Lifeco Inc.
|
39138C106
|
CA39138C1068
|
GWO
|
|
Groupe Aeroplan Inc.
|
399453109
|
CA3 994531091
|
AER
|
|
H & R Real Estate Investment Trust
|
404428203
|
CA4044282032
|
HR.UN
|
|
Harvest Energy Trust
|
41752X101
|
CA41752X1015
|
HTE.UN
|
|
Home Capital Group Inc.
|
436913107
|
CA436913 1079
|
HCG
|
|
Husky Energy Inc.
|
448055103
|
CA4480551031
|
HSE
|
|
Iamgold Corporation
|
450913108
|
CA4509131088
|
IMG
|
|
IESI-BFC Ltd.
|
44951D108
|
CA44951D1087
|
BIN
|
|
IGM Financial Inc.
|
449586106
|
CA4495861060
|
IGM
|
|
Imperial Oil Limited
|
453038408
|
CA4530384086
|
IMO
|
|
Inmet Mining Corporation
|
457983104
|
CA457983 1047
|
IMN
|
|
InnVest Real Estate Investment Trust
|
45771T108
|
CA45771T1084
|
INN.UN
|
|
Intact Financial Corporation
|
45823T106
|
CA45823T1066
|
IFC
|
|
Inter Pipeline Fund
|
45833P102
|
CA45833P1027
|
IPL.UN
|
|
Jazz Air Income Fund
|
47214X100
|
CA47214X1006
|
JAZ.UN
|
|
Jean Coutu Group (PJC) Inc. (The)
|
47215Q104
|
CA47215Q 1046
|
PJC.A
|
|
Just Energy Income Fund
|
48213T108
|
CA48213T1084
|
JE.UN
|
|
Keyera Facilities Income Fund
|
493272108
|
CA493272 1083
|
KEY.UN
|
|
Kinross Gold Corporation
|
496902404
|
CA4969024047
|
K
|
|
Labrador Iron Ore Royalty Income Fund
|
504904103
|
CA504904 1034
|
LIF.UN
|
|
Laurentian Bank of Canada
|
51925D106
|
CA51925D1069
|
LB
|
|
Loblaw Companies Limited
|
539481101
|
CA5394811015
|
L
|
|
Major Drilling Group International Inc.
|
560909103
|
CA560909 1031
|
MDI
|
|
Manitoba Telecom Services Inc.
|
563486109
|
CA563486 1093
|
MBT
|
|
Manulife Financial Corporation
|
56501R106
|
CA56501R1064
|
MFC
|
|
Maple Leaf Foods Inc.
|
564905107
|
CA564905 1078
|
MFI
|
|
Methanex Corporation
|
59151K108
|
CA59151K1084
|
MX
|
|
Metro Inc.
|
59162N109
|
CA59162N1096
|
MRU.A
|
|
Mullen Group Ltd.
|
625284104
|
CA625284 1045
|
MTL
|
|
NAL Oil & Gas Trust
|
628949109
|
CA628949 1095
|
NAE.UN
|
|
National Bank of Canada
|
633067103
|
CA6330671034
|
NA
|
|
Nexen Inc.
|
65334H102
|
CA65334H1029
|
NXY
|
|
Niko Resources Ltd.
|
653905109
|
CA6539051095
|
NKO
|
|
North West Company Fund
|
662906106
|
CA6629061061
|
NWF.UN
|
|
Northland Power Income Fund
|
666910104
|
CA6669101041
|
NPI.UN
|
|
Onex Corporation
|
68272K103
|
CA68272K1030
|
OCX
|
|
Paramount Energy Trust
|
699219101
|
CA6992191016
|
PMT.UN
|
|
Pason Systems Inc.
|
702925108
|
CA7029251088
|
PSI
|
|
Pembina Pipeline Income Fund
|
706329109
|
CA706329 1099
|
PIF.UN
|
|
Pengrowth Energy Trust
|
706902509
|
CA7069025095
|
PGF.UN
|
|
Penn West Energy Trust
|
707885109
|
CA707885 1093
|
PWT.UN
|
|
Peyto Energy Trust
|
717045108
|
CA7170451081
|
PEY.UN
|
|
Potash Corporation of Saskatchewan Inc.
|
73755L107
|
CA73755L1076
|
POT
|
|
Power Corporation of Canada
|
739239101
|
CA7392391016
|
POW
|
|
Power Financial Corporation
|
73927C 100
|
CA73927C 1005
|
PWF
|
|
Primaris Retail Real Estate Investment Trust
|
74157U109
|
CA74157U1093
|
PMZ.UN
|
|
Provident Energy Trust
|
74386K104
|
CA74386K1049
|
PVE.UN
|
|
Quebecor Inc.
|
748193208
|
CA748 1932084
|
QBR.B
|
|
Reitmans (Canada) Limited
|
759404205
|
CA7594042052
|
RET
|
|
RioCan Real Estate Investment Trust
|
766910103
|
CA7669101031
|
REI.UN
|
|
Ritchie Bros. Auctioneers Incorporated
|
767744105
|
CA767744 1056
|
RBA
|
|
Rogers Communications Inc.
|
775109200
|
CA775 1092007
|
RCI.B
|
|
Royal Bank of Canada
|
780087102
|
CA7800871021
|
RY
|
|
Russel Metals Inc.
|
781903604
|
CA78 19036046
|
RUS
|
|
Saputo Inc.
|
802912105
|
CA8029121057
|
SAP
|
|
Savanna Energy Services Corp.
|
804694107
|
CA804694 1073
|
SVY
|
|
Shaw Communications Inc.
|
82028K200
|
CA82028K2002
|
SJR.B
|
|
ShawCor Ltd.
|
820904209
|
CA8209042099
|
SCL.A
|
|
Sherritt International Corporation
|
823901103
|
CA823901 1031
|
S
|
|
Shoppers Drug Mart Corporation
|
82509W103
|
CA82509W1032
|
SC
|
|
Silvercorp Metals Inc.
|
82835P103
|
CA82835P1036
|
SVM
|
|
SNC - Lavalin Group Inc.
|
78460T105
|
CA78460T1057
|
SNC
|
|
Sun Life Financial Inc.
|
866796105
|
CA866796 1053
|
SLF
|
|
Suncor Energy Inc.
|
867224107
|
CA867224 1079
|
SU
|
|
Superior Plus Corp.
|
86828P 103
|
CA86828P 1036
|
SPB
|
|
Talisman Energy Inc.
|
87425E103
|
CA87425E1034
|
TLM
|
|
TELUS Corporation
|
87971M103
|
CA87971M1032
|
T
|
|
Thomson Reuters Corporation
|
884903105
|
CA8 849031056
|
TRI
|
|
Tim Hortons Inc.
|
88706M103
|
US88706M1036
|
THI
|
|
TMX Group Inc.
|
87261X108
|
CA87261X1087
|
X
|
|
Toromont Industries Ltd.
|
891102105
|
CA891 1021050
|
TIH
|
|
Toronto-Dominion Bank (The)
|
891160509
|
CA891 1605092
|
TD
|
|
TransAlta Corporation
|
89346D 107
|
CA89346D 1078
|
TA
|
|
TransCanada Corporation
|
893 53D 107
|
CA89353D 1078
|
TRP
|
|
Transcontinental Inc.
|
893578104
|
CA893578 1044
|
TCL.A
|
|
TransForce Inc.
|
89366H103
|
CA89366H1038
|
TFI
|
|
Trican Well Service Ltd.
|
895945103
|
CA895945 1037
|
TCW
|
|
Trinidad Drilling Ltd.
|
896356102
|
CA8963561029
|
TDG
|
|
Vermilion Energy Trust
|
923728109
|
CA923728 1097
|
VET.UN
|
|
West Fraser Timber Co Ltd.
|
952845105
|
CA952845 1052
|
WFT
|
|
Weston, George Limited
|
961148509
|
CA961 1485090
|
WN
|
|
Westshore Terminals Income Fund
|
960911105
|
CA96091 11054
|
WTE
|
|
Yamana Gold Inc.
|
98462Y100
|
CA98462Y1007
|
YRI
|
|
Yellow Pages Income Fund
|
985569102
|
CA985569 1023
|
YLO.UN
|
The syndicate of agents is co-led by CIBC World Markets Inc. and
RBC Capital Markets and includes BMO Capital Markets, National Bank
Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord
Financial Ltd., Desjardins Securities Inc., HSBC Securities
(Canada) Inc., Raymond James Ltd., Wellington West Capital Markets
Inc., Dundee Securities Corporation, Macquarie Capital Markets
Canada Ltd., Industrial Alliance Securities Inc. and Rothenberg
Capital Management Inc.
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
more than $7.5 billion in assets as at January 31, 2010.
Catapult Financial Management Inc.
Catapult is a wholly-owned subsidiary of Aston Hill Financial
Inc. ("Aston Hill"), which is listed on the TSX Venture Exchange
under "AHF". As at January 31, 2010, Aston Hill had approximately
$1.5 billion in assets under management.
-30-
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
www.iaclarington.com
A preliminary prospectus containing important information
relating to these securities has been filed with securities
commissions or similar authorities in all jurisdictions of Canada.
The preliminary prospectus is still subject to completion or
amendment. Copies of the preliminary prospectus may be obtained
from Lovena Doodahnand, CIBC World Markets Inc., at 416-594-7270 or
lovena.doodahnand@cibc.ca. There will not be any sale or any
acceptance of an offer to buy the securities until a receipt for
the final prospectus has been issued.The IA Clarington Funds and IA
Clarington Target Click Funds are managed by IA Clarington
Investments Inc. IA Clarington and the IA Clarington logo are
trademarks of Industrial Alliance Insurance and Financial Services
Inc. and are used under license.