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:
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
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