TORONTO, Nov. 29, 2013 /CNW/ - JovFinancial Solutions Inc. ("JovFinancial"), the manager of the JOV LEON FRAZER BOND FUND, the JOV LEON FRAZER
DIVIDEND FUND, the JOV LEON FRAZER PREFERRED EQUITY FUND, the JOV HAHN
CONSERVATIVE ETF PORTFOLIO, the JOV HAHN INCOME & GROWTH ETF PORTFOLIO,
the JOV HAHN GROWTH ETF PORTFOLIO, the JOV CANADIAN EQUITY CLASS of Jov
Corporate Funds Ltd., and the JOV LEON FRAZER ENHANCED OPPORTUNITIES
FUND INC. (the "Funds"), announces that, following securityholder approval at the Funds'
Special Meeting of Securityholders held today, the securityholders of
each of the Funds have approved a change of manager of the Funds from
JovFinancial to IA Clarington Investments Inc. ("IA Clarington") pursuant to a planned amalgamation of JovFinancial and IA Clarington
anticipated to take place in early 2014, subject to receipt of all
necessary authorizations and approvals. The merged company will
continue as IA Clarington Investments Inc.
In addition to this change of manager, further potential changes to the
Funds will be considered including the possible integration of the
wholesale and client support system used by JovFinancial into that of
IA Clarington and the possible exchangeability between the Funds and
the IA Clarington mutual funds. It is also anticipated that Philip
Armstrong and J. Russell Lindsay will resign from the board of
directors of JovFinancial, and David Scandiffio and Andrew Dalglish
will be appointed as directors, such that the board of directors of
JovFinancial will be comprised of Mark Arthur, David Scandiffio and
About JovFinancial Solutions Inc.
JovFinancial is an investment fund manager and member of the Industrial
Alliance group of companies. JovFinancial manages in excess of $255
million of client assets. The line-up of quality investment products
includes one of Canada's first family of mutual funds that features a
tactical investment approach by investing in exchange traded funds
SOURCE: JovFinancial Solutions Inc.
For further information:
Grant Rush, President, JovFinancial Solutions Inc., 1-877-273-2156 ext. 7254