TORONTO, June 25, 2012 /CNW/ - IA Clarington Investments Inc. ("IA Clarington" or the "Company") today announced the results of the special meeting, held on June 18, 2012, of unitholders in IA Clarington Global Small Cap Fund.
Unitholders approved a resolution to merge IA Clarington Global Small Cap Fund into IA Clarington Global Opportunities Fund. The merger consolidates two funds managed by the same sub-advisor, Radin Capital Partners, with similar investment strategies into a single, larger fund with lower fees for retail investors than the IA Clarington Global Small Cap Fund. The merger, which has also received regulatory approval, is expected to take place after the close of business on June 27, 2012.
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 and segregated funds managed by leading portfolio advisors. The Company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. IA Clarington managed more than $11.2 billion in assets as at April 30, 2012.www.iaclarington.com
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