IA Clarington Aston Hill Tactical Yield Fund files Preliminary Prospectus

TORONTO, March 4 /CNW/ - IA Clarington Investments Inc. (the "Manager") is pleased to announce that it has filed a preliminary prospectus dated March 3, 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:

    
    (i)   Canadian common and preferred equity securities and income trust
          units that provide a consistent and stable source of current
          income; and
    (ii)  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:

    
    (i)   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
    (ii)  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:

    
    (i)   convert to an open-ended mutual fund, or
    (ii)  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.

    
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                                                                     Ticker
    Exchange Eligible Securities              CUSIP       ISIN       Symbol
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    Aecon Group Inc.                        00762V109  CA00762V1094   ARE
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    AGF Management Limited                  001092105  CA0010921058   AGF.B
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    Agnico-Eagle Mines Ltd.                 008474108  CA008474 1085  AEM
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    Agrium Inc.                             008916108  CA0089161081   AGU
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    Alimentatin Couche-Tard Inc.            01626P403  CA01626P4033   ATD.B
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    AltaGas Income Trust                    021360102  CA0213601028   ALA.UN
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    ARC Energy Trust                        001986108  CA0019861081   AET.UN
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    Astral Media Inc.                       046346201  CA0463462014   ACM.A
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    Atco Ltd.                               046789400  CA0467894006   ACO.X
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    Bank of Montreal                        063671101  CA0636711016   BMO
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    Bank of Nova Scotia (The)               064149107  CA0641491075   BNS
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    Barrick Gold Corporation                067901108  CA067901 1084  ABX
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    Baytex Energy Trust                     073176109  CA073 1761098  BTE.UN
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    BCE Inc.                                05534B760  CA05534B7604   BCE
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    Bell Aliant Regional Communications
     Income Fund                            07786J103  CA07786J1030   BA.UN
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    Biovail Corporation                     09067J109  CA09067J1093   BVF
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    Boardwalk Real Estate Investment Trust  096631106  CA0966311064   BEI.UN
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    Bombardier Inc.                         097751200  CA09775 12007  BBD.B
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    Bonavista Energy Trust                  098536105  CA098536 1058  BNP.UN
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    Brookfield Asset Management Inc.        112585104  CA1 125851040  BAM.A
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    Brookfield Properties Corporation       112900105  CA1 129001055  BPO
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    CAE Inc.                                124765108  CA1247651088   CAE
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    Calloway Real Estate Investment Trust   131253205  CA13 12532056  CWT.UN
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    Cameco Corporation                      13321L108  CA13321L1085   CCO
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    Canadian Apartment Properties Real
     Estate Investment Trust                134921105  CA134921 1054  CAR.UN
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    Canadian Imperial Bank of Commerce      136069101  CA1360691010   CM
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    Canadian Real Estate Investment Trust   13650J104  CA13650J1049   REF.UN
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    Canadian National Railway Company       136375102  CA1363751027   CNR
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    Canadian Natural Resources Limited      136385101  CA1363851017   CNQ
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    Canadian Oil Sands Trust                13642L100  CA13642L1004   COS.UN
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    Canadian Pacific Railway Limited        13645T100  CA13645T1003   CP
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    Canadian Tire Corporation, Limited      136681202  CA13668 12024  CTC
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    Canadian Utilities Limited              136717832  CA1367178326   CU
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    Canadian Western Bank                   13677F101  CA13677F1018   CWB
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    CCL Industries Inc.                     124900309  CA1249003098   CCL.B
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    Chartwell Seniors Housing Real Estate
     Investment Trust                       16140U100  CA16140U1003   CSH.UN
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    CI Financial Corp.                      125491100  CA125491 1003  CIX
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    Cineplex Galaxy Income Fund             172453102  CA172453 1027  CGX.UN
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    CML Healthcare Income Fund              12582P105  CA12582P1053   CLC.UN
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    Cogeco Cable Inc.                       19238V105  CA19238V1058   CCA
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    Cominar Real Estate Investment Trust    199910100  CA1999101001   CUF.UN
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    Consumers' Waterheater Income Fund      210724100  CA2107241002   CWI.UN
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    Corus Entertainment Inc.                220874101  CA2208741017   CJR.B
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    Crescent Point Energy Corp.             22576C101  CA22576C1014   CPG
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    Davis + Henderson Income Fund           239058100  CA239058 1007  DHF.UN
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    Daylight Resources Trust                239600109  CA2396001091   DAY.UN
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    Dorel Industries Inc.                   25822C205  CA25822C2058   DII.B
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    Emera Incorporated                      290876101  CA2908761018   EMA
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    Empire Company Ltd.                     291843407  CA2918434077   EMP.A
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    Enbridge Inc.                           29250N 105  CA29250N 1050 ENB
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    EnCana Corporation                      292505104  CA2925051047   ECA
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    Enerflex Systems Income Fund            29268J104  CA29268J1049   EFX.UN
    -------------------------------------------------------------------------
    Enerplus Resources Fund                 29274D604  CA29274D6046   ERF.UN
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    Ensign Energy Services Inc.             293570107  CA2935701078   ESI
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    Extendicare Real Estate Investment
     Trust                                  302251103  CA302251 1032 EXE.DB.A
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    Fairfax Financial Holdings Limited      303901102  CA303901 1026  FFH
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    Finning International Inc.              318071404  CA3180714048   FTT
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    First Quantum Minerals Ltd.             335934105  CA3359341052   FM
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    Fort Chicago Energy Partners L.P.       346921109  CA346921 1096  FCE.UN
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    Fortis Inc.                             349553107  CA3495531079   FTS
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    Forzani Group Ltd. (The)                349907105  CA349907 1056  FGL
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    Franco-Nevada Corporation               351858105  CA3518581051   FNV
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    Freehold Royalty Trust                  355904103  CA3 55904 1031 FRU.UN
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    Goldcorp Inc.                           380956409  CA3 809564097  G
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    Great-West Lifeco Inc.                  39138C106  CA39138C1068   GWO
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    Groupe Aeroplan Inc.                    399453109  CA3 994531091  AER
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    H & R Real Estate Investment Trust      404428203  CA4044282032   HR.UN
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    Harvest Energy Trust                    41752X101  CA41752X1015   HTE.UN
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    Home Capital Group Inc.                 436913107  CA436913 1079  HCG
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    Husky Energy Inc.                       448055103  CA4480551031   HSE
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    Iamgold Corporation                     450913108  CA4509131088   IMG
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    IESI-BFC Ltd.                           44951D108  CA44951D1087   BIN
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    IGM Financial Inc.                      449586106  CA4495861060   IGM
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    Imperial Oil Limited                    453038408  CA4530384086   IMO
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    Inmet Mining Corporation                457983104  CA457983 1047  IMN
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    InnVest Real Estate Investment Trust    45771T108  CA45771T1084   INN.UN
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    Intact Financial Corporation            45823T106  CA45823T1066   IFC
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    Inter Pipeline Fund                     45833P102  CA45833P1027   IPL.UN
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    Jazz Air Income Fund                    47214X100  CA47214X1006   JAZ.UN
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    Jean Coutu Group (PJC) Inc. (The)       47215Q104  CA47215Q 1046  PJC.A
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    Just Energy Income Fund                 48213T108  CA48213T1084   JE.UN
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    Keyera Facilities Income Fund           493272108  CA493272 1083  KEY.UN
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    Kinross Gold Corporation                496902404  CA4969024047   K
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    Labrador Iron Ore Royalty Income Fund   504904103  CA504904 1034  LIF.UN
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    Laurentian Bank of Canada               51925D106  CA51925D1069   LB
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    Loblaw Companies Limited                539481101  CA5394811015   L
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    Major Drilling Group International Inc. 560909103  CA560909 1031  MDI
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    Manitoba Telecom Services Inc.          563486109  CA563486 1093  MBT
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    Manulife Financial Corporation          56501R106  CA56501R1064   MFC
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    Maple Leaf Foods Inc.                   564905107  CA564905 1078  MFI
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    Methanex Corporation                    59151K108  CA59151K1084   MX
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    Metro Inc.                              59162N109  CA59162N1096   MRU.A
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    Mullen Group Ltd.                       625284104  CA625284 1045  MTL
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    NAL Oil & Gas Trust                     628949109  CA628949 1095  NAE.UN
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    National Bank of Canada                 633067103  CA6330671034   NA
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    Nexen Inc.                              65334H102  CA65334H1029   NXY
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    Niko Resources Ltd.                     653905109  CA6539051095   NKO
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    North West Company Fund                 662906106  CA6629061061   NWF.UN
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    Northland Power Income Fund             666910104  CA6669101041   NPI.UN
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    Onex Corporation                        68272K103  CA68272K1030   OCX
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    Paramount Energy Trust                  699219101  CA6992191016   PMT.UN
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    Pason Systems Inc.                      702925108  CA7029251088   PSI
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    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
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    Toromont Industries Ltd.                891102105  CA891 1021050  TIH
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    Toronto-Dominion Bank (The)             891160509  CA891 1605092  TD
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    TransAlta Corporation                   89346D 107  CA89346D 1078 TA
    -------------------------------------------------------------------------
    TransCanada Corporation                 89353D 107  CA89353D 1078 TRP
    -------------------------------------------------------------------------
    Transcontinental Inc.                   893578104  CA893578 1044  TCL.A
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    TransForce Inc.                         89366H103  CA89366H1038   TFI
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    Trican Well Service Ltd.                895945103  CA895945 1037  TCW
    -------------------------------------------------------------------------
    Trinidad Drilling Ltd.                  896356102  CA8963561029   TDG
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    Vermilion Energy Trust                  923728109  CA923728 1097  VET.UN  
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    West Fraser Timber Co Ltd.              952845105  CA952845 1052  WFT
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    Weston, George Limited                  961148509  CA961 1485090  WN
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    Westshore Terminals Income Fund         960911105  CA96091 11054  WTE
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    Yamana Gold Inc.                        98462Y100  CA98462Y1007   YRI
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    Yellow Pages Income Fund                985569102  CA985569 1023  YLO.UN
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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.

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. 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.

SOURCE IA Clarington Investments Inc

For further information: For further information: 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

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IA Clarington Investments Inc

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