IA Clarington Aston Hill Tactical Yield Fund Announces Exchange Ratios

TORONTO, April 6 /CNW/ - IA Clarington Investments Inc. (the "Manager"), the trustee, manager and promoter of the IA Clarington Aston Hill Tactical Yield Fund (the "Fund"), is pleased to announce the exchange ratios for the securities that were deposited, under the exchange option described in the Fund's final prospectus dated March 29, 2010, providing for the Fund's initial public offering which is scheduled to close on April 19, 2010.

The table below sets out the name of each issuer whose securities have been deposited and may be accepted by the Fund, its CUSIP and ISIN number, its ticker symbol, the volume weighted average trading price during the period from March 29, 2010 to April 5, 2010 (as adjusted to reflect any distributions declared but not received by the Fund) and the applicable exchange ratio.

    
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    Exchange Eligible                              Ticker     VWAP   Exchange
    Securities           CUSIP         ISIN        Symbol      ($)      Ratio
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    Agrium Inc           8916108   CA0089161081     AGU CN   71.6537   7.1654
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    Altagas Income
     Trust              21360102   CA0213601028   ALA-U CN   18.4243   1.8424
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    ARC Energy Trust     1986108   CA0019861081   AET-U CN   20.7825   2.0783
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    Bank of Montreal    63671101   CA0636711016     BMO CN   61.7629   6.1763
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    Bank of Nova
     Scotia (The)       64149107   CA0641491075     BNS CN   50.8710   5.0871
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    Baytex Energy
     Trust              73176109   CA0731761098   BTE-U CN   34.8351   3.4835
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    BCE Inc.           05534B760   CA05534B7604     BCE CN   30.0891   3.0089
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    Bell Alliant
     Regional
     Communications
     Income Fund       07786J103   CA07786J1030    BA-U CN   25.5844   2.5584
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    Boardwalk Real
     Estate Investment
     Trust              96631106   CA0966311064   BEI-U CN   40.6347   4.0635
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    Calloway Real
     Estate Investment
     Trust             131253205   CA1312532056   CWT-U CN   21.3701   2.1370
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    Cameco
     Corporation       13321L108   CA13321L1085     CCO CN   27.4597   2.7460
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    Canadian Imperial
     Bank of Commerce  136069101   CA1360691010      CM CN   74.3753   7.4375
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    Canadian National
     Railway Company   136375102   CA1363751027     CNR CN   61.7948   6.1795
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    Canadian Natural
     Resources         136385101   CA1363851017     CNQ CN   76.2079   7.6208
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    Chartwell Seniors
     Housing Real
     Estate Investment
     Trust             16140U100   CA16140U1003   CSH-U CN    7.3298   0.7330
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    Cogeco Cable Inc   19238V105   CA19238V1058     CCA CN   40.8380   4.0838
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    Daylight Resources
     Trust             239600109   CA2396001091   DAY-U CN   10.6314   1.0631
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    Enerplus Resources
     Fund              29274D604   CA29274D6046   ERF-U CN   24.0234   2.3843
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    Ensign Energy
     Services Inc      293570107   CA2935701078     ESI CN   14.6875   1.4688
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    First Quantum
     Minerals Ltd.     335934105   CA3359341052      FM CN   86.6790   8.6167
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    Freehold Royalty
     Trust             355904103   CA3559041031   FRU-U CN   17.0007   1.7001
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    Great-West Lifeco
     Inc.              39138C106   CA39138C1068     GWO CN   28.9266   2.8927
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    H&R Real Estate
     Investment Trust  404428203   CA4044282032    HR-U CN   16.8066   1.6747
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    Inter Pipeline
     Fund              45833P102   CA45833P1027   IPL-U CN   11.8811   1.1881
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    Just Energy
     Income Fund       48213T108   CA48213T1084    JE-U CN   14.2772   1.4174
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    Manulife Financial
     Corporation       56501R106   CA56501R1064     MFC CN   20.1267   2.0127
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    Maple Leaf Foods
     Inc.              564905107   CA5649051078     MFI CN   10.4072   1.0407
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    Penn West Energy
     Trust             707885109   CA7078851093   PWT-U CN   21.6106   2.1611
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    Peyto Energy
     Trust             717045108   CA7170451081   PEY-U CN   13.5870   1.3587
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    RioCan Real Estate
     Investment Trust  766910103   CA7669101031   REI-U CN   18.6382   1.8638
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    Rogers
     Communications
     Inc               775109200   CA7751092007   RCI/B CN   34.5045   3.4505
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    Royal Bank of
     Canada            780087102   CA7800871021      RY CN   59.4321   5.9432
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    Shoppers Drug
     Mart Corporation  82509W103   CA82509W1032      SC CN   43.5887   4.3589
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    SNC-Lavalin Group
     Inc.              78460T105   CA78460T1057     SNC CN   50.2998   5.0300
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    TELUS Corporation  87971M103   CA87971M1032       T CN   37.8460   3.7846
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    Thomson Reuters
     Corporation       884903105   CA8849031056     TRI CN   36.9232   3.6923
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    Tim Hortons Inc.   88706M103   CA88706M1032     THI CN   33.2755   3.3276
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    Toronto-Dominion
     Bank (The)        891160509   CA8911605092      TD CN   75.2214   7.5221
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    TransAlta
     Corporation       89346D107   CA89346D1078      TA CN   22.6297   2.2630
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    TransCanada
     Corporation       89353D107   CA89353D1078     TRP CN   37.3558   3.7356
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    Yellow Pages
     Income Fund       985569102   CA9855691023   YLO-U CN    6.2031   0.6203
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The syndicate of agents for the Fund 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 $8.2 billion in assets as at March 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 March 31, 2010, Aston Hill had approximately $1.8 billion in assets under management.

The offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the agents listed above. Investors should read the prospectus before making an investment decision. 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.

SOURCE IA Clarington Investments Inc

For further information: For further information: David Scandiffio, President, IA Clarington Investments Inc., (416) 860-9880, Toll-Free 1-888-860-9888, Email: david.scandiffio@iaclarington.com, www.iaclarington.com

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IA Clarington Investments Inc

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