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
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
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
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 $9.9 billion in assets as at September 30, 2011.
For Further Information:
Equicom, a TMX Group Company
(416) 815-0700 ext. 251