iA Clarington Investments announces results of special meeting of securityholders
TORONTO, March 6, 2019 /CNW/ - IA Clarington Investments Inc. (“iA Clarington”) has announced that it has received securityholder approval to proceed with proposed mutual fund mergers announced on October 11, 2018.
The proposed mergers for which securityholders have given their approval are as follows:
|Terminating Fund||Continuing Fund|
|IA Clarington Canadian Growth Class||IA Clarington Canadian Leaders Class|
|IA Clarington Sarbit Activist Opportunities Class||IA Clarington Sarbit U.S. Equity Class (Unhedged)|
|IA Clarington Short-Term Bond Fund||IA Clarington Core Plus Bond Fund|
|IA Clarington Short-Term Income Class||IA Clarington Money Market Fund|
|IA Clarington Strategic Corporate Bond Class||IA Clarington Strategic Corporate Bond Fund|
|IA Clarington Strategic Income Class||IA Clarington Strategic Income Fund|
|IA Clarington Tactical Bond Class||IA Clarington Core Plus Bond Fund|
|IA Clarington Tactical Bond Fund||IA Clarington Core Plus Bond Fund|
Subject to regulatory approval, the proposed mergers will be effective March 22, 2019.
The proposed merger of IA Clarington Tactical Income Class into IA Clarington Strategic Income Fund was withdrawn prior to the special meeting of securityholders.
Subject to regulatory approval of the proposed merger, announced October 11, 2018, of IA Clarington Tactical Income Fund into IA Clarington Strategic Income Fund, the reference fund for IA Clarington Tactical Income Class will be changed to IA Clarington Strategic Income Fund, effective on or about March 22, 2019. The proposed merger of IA Clarington Tactical Income Fund into IA Clarington Strategic Income Fund is a tax-deferred merger (“qualifying exchange”) and does not require securityholder approval.
About IA Clarington Investments Inc.
An indirect wholly owned subsidiary of iA Financial Corporation Inc. and a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. – Canada’s fourth-largest life and health insurance company – iA Clarington offers a wide range of investment products, including actively managed mutual funds, managed portfolio solutions, Active ETF Series and socially responsible investments. As of January 31, 2019, iA Clarington has more than $14 billion in assets under management. For more information, please visit iaclarington.com
Commissions, trailing commissions, management fees, brokerage fees and expenses all may be associated with mutual fund investments, including investments in exchange-traded series of mutual funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The iA Clarington Funds are managed by IA Clarington Investments Inc. iA Clarington and the iA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.