Horizons Advantaged Equity Fund Inc. announces shareholder approval of amendments to articles and investment objective

TORONTO, Nov. 29, 2011 /CNW/ - Horizons Advantaged Equity Fund (the "Fund") and its manager, JovFinancial Solutions Inc. ("JovFinancial"), announce that at the Fund's annual general meeting held on November 28, 2011, shareholders of the Fund approved a resolution to amend the articles and investment objective of the Fund. The proposal approved by the shareholders included the following:

a)      to undertake the necessary steps to re-register the Fund as a federally-registered prescribed labour-sponsored investment fund corporation (LSVCC) under the Income Tax Act (Canada) (the "Federal Act"). The Fund is currently registered provincially as a labour-sponsored investment fund (LSIF) under the Community Small Business Investment Funds Act (Ontario); and
   
b)      to amend the Fund's investment objective as follows:
   
  The Fund will aim to achieve superior long-term capital appreciation by investing (a) in eligible investments which are comprised primarily of a diversified portfolio of equity and equity-like securities of listed issuers in compliance with the Federal Act, and (b) in reserves as defined under the Federal Act which are comprised primarily of debt and debt-like securities of Canadian corporations, provincial and federal governments and their agencies.

About JovFinancial Solutions Inc.
JovFinancial is a leading investment fund manager and member of the Jovian Capital Corporation group of companies. JovFinancial offers investors a unique brand of investment products and portfolio solutions that combine competitive fees, strong performance, renowned third-party investment managers and client service excellence. In its first year, JovFinancial has grown to manage in excess of $200 million of client assets. The line-up of quality investment products includes one of Canada's first mutual fund wrap programs that features a tactical investment approach by investing in exchange traded funds.

SOURCE JovFinancial Solutions Inc.

For further information:

Grant Rush, President, JovFinancial Solutions, 1-877-273-2156 ext. 7254

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JovFinancial Solutions Inc.

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HORIZONS ADVANTAGED EQUITY FUND INC.

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