Mr. Rob Martin reports

IA CLARINGTON INVESTMENTS ANNOUNCES ESTIMATED DECEMBER 2023 CASH AND ANNUAL NOTIONAL DISTRIBUTIONS FOR ACTIVE ETF SERIES, AND APPOINTMENT OF IA GLOBAL ASSET MANAGEMENT INC. AS PORTFOLIO MANAGER FOR SELECT FUNDS

IA Clarington Investments Inc. today declared the December, 2023, cash and annual capital gains notional distribution estimates for its active ETF (exchange-traded fund) series. Unitholders of record as of Dec. 29, 2023, will receive cash distributions payable on Jan. 9, 2024.

Annual capital gains distributions are notional distributions that are reinvested and the resulting units are immediately consolidated, so that the number of units held by each investor does not change.

The estimated per-unit December distribution estimates are detailed in the attached table.

Final distribution amounts will be announced by iA Clarington on or about Dec. 28, 2023.

Appointment of iA Global Asset Management Inc. as portfolio manager for select funds

On April 1, 2023, Industrial Alliance Investment Management Inc. (iAIM) -- the portfolio manager of select iA Clarington funds -- transferred its investment management responsibilities for the funds to its wholly owned subsidiary, iA Global Asset Management Inc. There are no changes to the investment objectives, strategies, risk ratings, fees or portfolio management teams of any of the funds resulting from this transfer.

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

About iA Global Asset Management Inc.

iA Global Asset Management (iAGAM) is one of Canada's largest asset managers, comprising both iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc., iAGAM helps investors achieve their long-term wealth creation goals through innovative investment solutions designed for today's complex markets. iAGAM's experienced portfolio managers use a proprietary investment methodology, rooted in its unifying commitment to strong risk management, analytical rigour and a disciplined, process-driven approach to asset allocation and security selection.