IA Clarington Introduces New Distinction Portfolio Series Offering Lower Fees and Enhanced Reporting

    TORONTO, Nov. 15 /CNW/ - IA Clarington Investments Inc. (IA Clarington)
today announces the introduction of a new series of units of its Distinction
Portfolios and lower fees for existing units of the original five Distinction
    The Distinction Portfolio program today offers six fund-of-fund
portfolios, designed to meet specific investment objectives ranging from
conservative to growth-oriented. Each of the Portfolios holds a diversified
mix of assets achieved through a combination of IA Clarington Funds and third
party funds from other major Canadian fund companies.
    IA Clarington has lowered management fees on the existing Series A units
of the original five Distinction Portfolios by an average of 17 basis points
per portfolio. The new Series M units of those portfolios, which are available
to investors with $25,000 or more to invest, offer further fee reductions and
enhanced reporting, including a more detailed statement that features
investors' personal rates of return.
    Responding to the growing demand for income-generating investments, IA
Clarington has also introduced Series M6 and M8 units (which offer targeted
annual distribution rates of 6% and 8%, respectively) of the Distinction
Monthly Income Portfolio.
    "Portfolio programs, or wraps, are among Canada's fastest growing
investment segments," says David Scandiffio, President, IA Clarington. "The
Distinction Program has enjoyed considerable success and has attracted over
$450 million in assets. To further enhance the program and broaden its appeal
even further, we have lowered fees and introduced a tiered pricing structure
to better serve our investors."

    Distinction - Series M                     Management Fees

    Distinction Prudent Portfolio                        1.90%
    Distinction Conservative Portfolio                   2.00%
    Distinction Balanced Portfolio                       2.05%
    Distinction Monthly Income Portfolio (M6 and M8)     2.00%
    Distinction Growth Portfolio                         2.10%
    Distinction Bold Portfolio                           2.20%

    "The Distinction Portfolios offer an all-in-one investment solution
including funds from some of Canada's leading mutual fund companies" says Eric
Frape, Senior Vice President, Product and Business Development at IA
Clarington, "and we believe these current changes will make them even stronger
investments, benefiting new and existing clients."

    About IA Clarington Investments

    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 $8 billion in assets as at October 31,

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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