IA Clarington Defines Target Distribution Rates for Cash Distribution Funds



    TORONTO, July 4 /CNW/ - IA Clarington Investments Inc. ("IA Clarington"
or the "Company") today announced updates to its cash distribution fund
policies and series designations to reflect new or existing target
distribution rates on a select group of funds.
    "IA Clarington has consistently recognized clients' growing need for
different distribution options with our diverse range of cash distribution
products," said Eric Frape, Senior Vice President, Product and Business
Development at IA Clarington. "These updates are a further commitment to
ensure our products have added clarity in fund offerings and distribution
rates, allowing clients to make informed decisions based on their specific
investment needs," added Frape.
    Series T securities of the IA Clarington Funds aim to provide a target
distribution rate per annum paid monthly, based on the series net asset value
per security at the end of each calendar year. Each Series T security will be
reviewed annually to adjust its annual payout within a target range.

    
    Updates to Series designations are as follows:

    -------------------------------------------------------------------------
    Old Fund Series                      Re-designated Fund Series
    -------------------------------------------------------------------------
    Canadian Dividend Fund - Series T    Canadian Dividend Fund - Series T6
    -------------------------------------------------------------------------
    Canadian Income Fund - Series A      Canadian Income Fund - Series T8
    -------------------------------------------------------------------------
    Canadian Income Fund II - Series A   Canadian Income II Fund - Series T8
    -------------------------------------------------------------------------
    Canadian Income Fund II - Series T   Canadian Income II Fund - Series T6
    -------------------------------------------------------------------------
    Distinction Monthly Income           Distinction Monthly Income Portfolio
     Portfolio - Series T                 - Series T6
    -------------------------------------------------------------------------
    Diversified Income Fund - Series T   Diversified Income Fund - Series T6
    -------------------------------------------------------------------------
    Dividend Growth Fund - Series A      Dividend Growth Fund - Series T6
    -------------------------------------------------------------------------
    Dividend Income Fund - Series A      Dividend Income Fund - Series T4
    -------------------------------------------------------------------------
    Dividend Income Fund - Series T      Dividend Income Fund - Series T6
    -------------------------------------------------------------------------
    Global Income Fund - Series A(*)     Global Income Fund - Series T8(*)
    -------------------------------------------------------------------------
    Global Income Fund - Series T(*)     Global Income Fund - Series T6(*)
    -------------------------------------------------------------------------
    Monthly Income Balanced Fund -       Monthly Income Balanced Fund -
     Series A                             Series T8
    -------------------------------------------------------------------------
    Monthly Income Balanced Fund -       Monthly Income Balanced Fund -
     Series T                             Series T6
    -------------------------------------------------------------------------
    U.S. Dividend Fund - Series T(*)     U.S. Dividend Fund - Series T6(*)
    -------------------------------------------------------------------------
    Tactical Income Fund (formerly       Tactical Income Fund - Series T8
     Income Trust Fund) - Series T
    -------------------------------------------------------------------------


    Series F and FT re-designations:

    -------------------------------------------------------------------------
    Old Fund Series                      Re-designated Fund Series
    -------------------------------------------------------------------------
    Canadian Dividend Fund - Series FT   Canadian Dividend Fund - Series F6
    -------------------------------------------------------------------------
    Canadian Income Fund - Series F      Canadian Income Fund - Series F8
    -------------------------------------------------------------------------
    Canadian Income Fund II - Series F   Canadian Income Fund II - Series F8
    -------------------------------------------------------------------------
    Canadian Income Fund II - Series FT  Canadian Income Fund II - Series F6
    -------------------------------------------------------------------------
    Diversified Income Fund - Series FT  Diversified Income Fund - Series F6
    -------------------------------------------------------------------------
    Dividend Growth Fund - Series F      Dividend Growth Fund - Series F6
    -------------------------------------------------------------------------
    Dividend Income Fund - Series FT     Dividend Income Fund - Series F6
    -------------------------------------------------------------------------
    Global Income Fund - Series F        Global Income Fund - Series F8
    -------------------------------------------------------------------------
    Global Income Fund - Series FT       Global Income Fund - Series F6
    -------------------------------------------------------------------------
    U.S. Dividend Fund - Series FT(*)    U.S. Dividend Fund - Series F6(*)
    -------------------------------------------------------------------------
    Tactical Income Fund (formerly       Tactical Income Fund - Series F8
     Income Trust Fund) - Series FT
    -------------------------------------------------------------------------
    (*) Available in US$ versions
    

    For ease of presentation, the tables above omit the "IA Clarington" at
the beginning of the name of each of the funds, other than Distinction Monthly
Income Portfolio.

    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, segregated funds, principal protected notes
and closed end funds managed by leading portfolio managers. IA Clarington and
its subsidiaries managed approximately $7.9 billion in assets as at May 31,
2008. The Company's website address is www.iaclarington.com.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual fund securities are not covered by the Canada Deposit
Insurance Corporation or by any other government deposit insurer. Mutual funds
are not guaranteed, their values change frequently and past performance may
not be repeated. The IA Clarington Funds and the IA Clarington Target Click
Funds are managed by IA Clarington Investments Inc. 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.




For further information:

For further information: Eric Frape, Senior Vice President, Product and
Business Development, IA Clarington Investments Inc. (416) 585-8815,
Eric.Frape@iaclarington.com, www.iaclarington.com

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IA Clarington Investments Inc

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