TORONTO, Sept. 5 /CNW/ - Accumulus Management Ltd., the manager and
trustee of the Accumulus North American Momentum Fund, Accumulus Talisman
Fund, Accumulus BetaPro Short-Term Income Fund, Accumulus Diversified Monthly
Income Fund, Accumulus Leon Frazer Balanced Fund and Accumulus Leon Frazer
North American Dividend Income Fund (collectively, the "Funds"), has
amalgamated with its affiliate JovFunds Management Inc. ("JovFunds") and will
continue under the name "JovFunds Management Inc." This is part of the
consolidation of several fund management companies and investment product
brands under JovFunds that were acquired or created by Jovian Capital
Corporation ("Jovian") over the past few years. The restructuring will not
result in any change to the day-to-day operations of the Funds.
About JovFunds Management Inc.
JovFunds is a national financial services organization which provides
innovative investment solutions for Canadians through the creation, management
and distribution of high quality investment products. As a member of the
Jovian group of companies, JovFunds manages and distributes a diverse range of
mutual funds, structured products and alternative investments with assets in
excess of $1.2 billion.
Jovian is a publicly-traded company listed on the TSX Venture Exchange
(JVN). Jovian is a management and holding company with interests in a variety
of financial service firms specializing in wealth(*) and asset(xx) management.
The Jovian group of companies operates as a national financial services
organization with approximately $15.0 billion of client assets ($5.5 billion
in assets under management and $9.5 billion in assets under administration).
(*)Wealth management entities include MGI Securities Inc., MGI Securities
(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities
include, BetaPro Management Inc., Horizons Funds Inc., JovFunds
Management Inc., JovFunds Inc., Leon Frazer & Associates Inc. and T.E.
Wealth. Financial corporate service entities include Felcom Data Services
Inc. and Felcom Data Services (Quebec) Inc.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Steve Hawkins, Managing Partner,
JovFunds Management Inc., 1-866-601-2440; or Please visit
www.joviancapital.com and www.jovfunds.com