IA Clarington Investments Inc. announced Friday that it has lowered the management fees on Series F securities of many of its funds.

The company also announced it is launching Series F securities of three of its other funds, and that the 2006 management expense ratios for the Series F securities of its funds are now available.

“Fee-based accounts represent an important and growing market segment, and we believe these changes enhance our lineup for fee-based advisors, giving them greater product selection and highly competitive fees within the IA Clarington fund family. The higher investment levels and reduced service requirements on fee-based accounts create cost efficiencies, which we are passing on to our clients,” said Eric Frape, vp, product management.

For example, the management fee for Clarington Canadian Dividend Drops to 0.95%.

The management fee reduction is effective Jan. 1, 2007. The MERs reflect actual MERs charged to the funds for 2006, after absorption of expenses by IA Clarington. The expense absorption for 2006 included, in some cases, a waiver of management fees to bring the total MER for 2006 in line with the expected MER following the fee reductions.

In addition, from January 15, 2007, IA Clarington will offer Series F securities of three of its other funds to offer fee-based advisors greater product selection.

The funds and the applicable management fees are as follows: IA Dividend Growth Fund, 0.85%; R Canadian Smaller Companies Fund, 1.20%; and R Global Value Fund

Also, Series F units of Clarington U.S. Dividend Fund and Clarington Global Dividend Fund will be available in US Dollars at the same management fee rate as the Canadian dollar Series F units of those funds.

For a complete list of changes made to Clarington IA Series F securities, please see the attached news release.