IA Clarington Tactical Income Class to Re-File Management Report of Fund
Performance

TORONTO, Dec. 17 /CNW/ - IA Clarington Tactical Income Class (the "Fund"), today announced that it will restate its annual management report of fund performance for the partial year ended December 31, 2009 and its interim management report of fund performance for the six-month period ended June 30, 2010. The re-filing will correct an error in the presentation of past performance of Series F6, Series F8, Series T6 and Series T8 shares of the Fund for the 2009 calendar year and for multi-year periods that extend through 2009. The error was detected during an internal review of the Fund's disclosure documents. The error relates only to the calculation of the performance shown in the relevant management reports of fund performance and does not affect the net asset value of the Fund, or the net asset value per share of the Fund. The actual performance of the Fund from the date that it was first offered to investors has not changed as a result of the correction of the error.

The Fund expects to file the restated management report of fund performance on December 17, 2010. The restated management report of fund performance will be available through SEDAR and through the www.iaclarington.com
website.

About the Fund

The Fund is managed by IA Clarington Investments Inc., and had approximately $170 million in assets as at November 30, 2010.

For further information: For further information:

David Scandiffio
President, IA Clarington Investments Inc.
[phone]
[email protected]