Charterhouse Preferred Share Index Corporation (PFD.PR.A) completes merger into Jov Leon Frazer Preferred Equity Fund (the "Fund")



    TORONTO, Feb. 2 /CNW/ - JovFunds Management Inc. ("JovFunds") is pleased
to announce that the exchange of preferred shares of Charterhouse Preferred
Share Index Corporation (the "Corporation") for Class A units of Jov Leon
Frazer Preferred Equity Fund (the "Merger") was completed at the close of
business on January 30, 2009. Preferred shareholders of the Corporation will
receive 1.70389 units of the Class A units of the Fund for each preferred
share of the Corporation held as at January 30, 2009. In connection with the
Merger, the Corporation was delisted from the Toronto Stock Exchange on
January 23, 2009. Units of the Fund are valued daily and may be transacted via
the FundSERV Network beginning today.
    Please refer to the Fund's Simplified Prospectus at www.sedar.com for
information on the Fund. For more information about the Merger, or for a copy
of the Simplified Prospectus of the Fund, please call 1-866-514-6603 or visit
us at www.JovFunds.com.

    About JovFunds Management Inc. (www.jovfunds.com)

    JovFunds provides innovative investment solutions for Canadians through
the creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $2.5 billion in client assets
and is wholly owned by Jovian Capital Corporation.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(MGI Securities Inc., MGI Securities (USA) Inc., MGI Financial Inc., BetaPro
Management Inc., Horizons Funds Inc., JovFunds Management Inc., JovFunds Inc.,
JovInvestment Management Inc., Leon Frazer & Associates Inc., T.E. Wealth and
Felcom Data Services Inc.) manages $12.0 billion of client assets ($5.0
billion in assets under management and $7.0 billion in assets under
administration). Additional information is available at www.joviancapital.com
and www.sedar.com.





For further information:

For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442; or Kevin S. Beatson, Chief Operating Officer,
JovFunds Management Inc., (416) 777-5165

Organization Profile

JOVFUNDS MANAGEMENT INC.

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CHARTERHOUSE PREFERRED SHARE INDEX CORPORATION

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