TORONTO, June 25, 2012 - IA Clarington Investments Inc. ("IA
Clarington" or the "Company") today announced the results of the
special meeting, held on June 18, 2012, of unitholders in IA
Clarington Global Small Cap Fund.
Uniholders approved a resolution to merge IA Clarington Global
Small Cap Fund into IA Clarington Global Opportunities Fund. The
merger consolidates two funds managed by the same sub-advisor,
Radin Capital Partners, with similar investment strategies into a
single, larger fund with lower fees for retail investors than the
IA Clarington Global Small Cap Fund. The merger, which has also
received regulatory approval, is expected to take place after the
close of business on June 27, 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 $11.2 billion in assets as at April 30, 2012.www.iaclarington.com
For further information:
Tim Foran
Account Executive
Equicom, a TMX Group Company
(416) 815-0700 ext. 251
TForan@equicomgroup.com