Fairway Diversified Income and Growth Trust (FDT.UN), Deans Knight Income and Growth Fund (DKI.UN), Long Reserve Life Resource Fund (LRF.UN) and Charterhouse Preferred Share Index Corporation (PFD.PR.A), Announce the Adjournment of the Special Meetings of Unitholders and Preferred Shareholders



    TORONTO, Oct. 20 /CNW/ - JovFunds Management Inc. ("JovFunds"), the
manager of Fairway Diversified Income and Growth Trust ("Fairway
Diversified"), Deans Knight Income and Growth Fund ("Deans Knight"), Long
Reserve Life Resource Fund ("Long Reserve") (individually, a "Fund", and
collectively, the "Funds") and Charterhouse Preferred Share Index Corporation
("Charterhouse"), and trustee of each of the Funds, announces that the special
meetings of the unitholders of the Funds and preferred shareholders of
Charterhouse could not be held today due to a failure to achieve the necessary
quorum and that each special meeting has been adjourned to October 30, 2008.
    The adjourned special meetings of the unitholders of the Funds and
preferred shareholders of Charterhouse will be held at the offices of
JovFunds, 26 Wellington Street East, Suite 700, Toronto on October 30, 2008 at
9:00 a.m. for the Funds and at 10:00 a.m. for Charterhouse. Unitholders of the
Funds and preferred shareholders of Charterhouse wishing to tender proxies for
the adjourned special meeting of the Funds or Charterhouse, respectively, must
do so in accordance with the Management Information Circular dated
September 19, 2008, that was distributed to securityholders of the Funds and
Charterhouse previously.

    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 $2.2 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., Rice Financial Group 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 $14.0 billion of client
assets ($6.0 billion in assets under management and $8.0 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 Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744

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JOVFUNDS MANAGEMENT INC.

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Jovian Capital Corporation

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