TORONTO, Feb 11, 2015 /CNW/ - JovFinancial Solutions Inc. and IA Clarington Investments Inc. are announcing that their boards of directors have approved the amalgamation of JovFinancial Solutions Inc. with IA Clarington Investments Inc. effective March 1, 2015. The merged company will continue as IA Clarington Investments Inc. ("IA Clarington").
On November 29, 2013, securityholders of Jov Leon Frazer Bond Fund, Jov Leon Frazer Dividend Fund, Jov Leon Frazer Preferred Equity Fund, Jov HAHN Conservative ETF Portfolio, Jov HAHN Income & Growth ETF Portfolio and Jov HAHN Growth ETF Portfolio (the "Funds") approved the change of manager of the Funds from JovFinancial Solutions Inc. to IA Clarington pursuant to the amalgamation. The change of manager is effective March 1, 2015.
About JovFinancial Solutions Inc.
JovFinancial is an investment fund manager and member of the Industrial Alliance group of companies.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of distinctive and outcome-based investments, including actively-managed mutual funds, portfolio solutions, socially responsible investments and target date funds. As at December 31, 2014, IA Clarington has approximately $15.5 billion in assets under management and distributes its investment solutions to retail investors through advice-based distribution channels. For more information, please visit www.iaclarington.com.
SOURCE JovFinancial Solutions Inc.
For further information: Scott Anderson, Manager, Media Relations, TMX Equicom, (416) 815-0700 ext. 252, Sanderson@tmxequicom.com