Charterhouse Preferred Share Index Corporation Declares Quarterly Distribution



    TORONTO, Jan. 16 /CNW/ - Charterhouse Preferred Share Index Corporation
(the "Company") is pleased to announce a return of capital distribution of
$0.2042 per PSI Preferred Share ("Share"). The distribution will be paid in
cash on January 30, 2009 to holders of record at the close of business on
January 28, 2009. This distribution covers the Company's fiscal second quarter
ending January 31, 2009 and equates to an annualized current yield of
approximately 5.10 % based on the closing price of the Shares of $16.03 on
January 15, 2009.
    Distributions paid by the Company vary from quarter to quarter as a
result of changes in the make up and weighting of the securities underlying
the Index Portfolio, the actual income received from these securities and
borrowing costs. The current distribution is $0.0154 per Share (or 7.0%) lower
than the distribution last quarter.




For further information:

For further information: Kevin S. Beatson, Chief Executive Officer,
kbeatson@jovfunds.com, Web site: www.jovfunds.com

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JOVFUNDS MANAGEMENT INC.

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Jovian Capital Corporation

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