Mr. Rob Martin reports

IA CLARINGTON INVESTMENTS ANNOUNCES MAY 2023 DISTRIBUTIONS FOR ACTIVE ETF SERIES

IA Clarington Investments Inc. has declared May, 2023, distributions for its Active ETF series. Unitholders of record as of June 1, 2023, will receive cash distributions payable on June 9, 2023.

Per-unit distributions are detailed in the attached table.

Active ETF series                                 Ticker    Distribution        CUSIP
                                                                per unit

IA Clarington Core Plus Bond Fund                   ICPB         0.03711    44931X109
IA Clarington Floating Rate Income Fund             IFRF         0.05383    44932R101
IA Clarington Loomis Global Allocation Fund         IGAF         0.01215    45075W104
IA Clarington Loomis Global Multisector Bond Fund   ILGB         0.01461    45076L107
IA Clarington Strategic Income Fund                 ISIF         0.02803    44933N109

About IA Clarington Investments Inc.

A 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 April 30, 2023, iA Clarington has over $18-billion in assets under management.