Clarington Diversified Income + Growth Fund and Focused 40 Income Fund Announce Distributions

    TORONTO, Oct. 17 /CNW/ - Clarington Investments Inc., on behalf of
Clarington Diversified Income + Growth Fund (TSX: DIF.UN) and Focused 40
Income Fund (TSX: FIF.UN), is pleased to announce that distributions will be
paid on November 15, 2007 to unitholders of record at the close of business on
October 31, 2007. The Clarington Diversified Income + Growth Fund will pay
$0.0583 per unit and the Focused 40 Income Fund will pay $0.0625 per unit,
both unchanged from the previous month.
    The Clarington Diversified Income + Growth Fund is intended to preserve
and grow capital and deliver an attractive level of income by investing in a
widely diversified portfolio of income trusts, high-yield bonds,
investment-grade bonds, and growth-oriented and dividend-paying equities.
    The Focused 40 Income Fund was created to provide investors with monthly
cash distributions through broad exposure to some of the largest and most
liquid income trusts in Canada. This Fund invests in an approximately
equal-weighted diversified portfolio of the 40 large-cap income trusts that
the investment advisor believes will provide a more favourable total return
than the universe of large-cap income trusts as a whole.
    Distributions paid by each fund will vary with the performance of the
underlying portfolio and may change over time. Distributions may include a
return of capital.
    For further information please contact us at 1-888-860-9888 or visit our

    About Clarington Investments Inc.

    Clarington Investments Inc. manages two closed-end funds: Clarington
Diversified Income + Growth Fund and Focused 40 Income Fund, the units of
which are listed on the Toronto Stock Exchange. Clarington Investments Inc. is
a subsidiary of IA Clarington Investments Inc. ("IA Clarington"), which
managed over $7 billion in mutual fund and closed-end fund assets as at
September 30, 2007. IA Clarington maintains offices in Toronto, Calgary,
Vancouver, Montreal and Quebec City.

For further information:

For further information: Eric Frape, Senior Vice-President, Product and
Business Development, Clarington Investments Inc., (416) 860-9880, Toll-Free
1-888-860-9888, Email:

Organization Profile

IA Clarington Investments Inc

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890