TORONTO, June 20 /CNW/ - JovFunds Management Inc., the manager of the Jov
BetaPro Short-Term Income Fund (the "Fund"), will hold a special meeting of
the unitholders of the Fund on August 11, 2008. Unitholders of record on June
27, 2008, will be entitled to receive notice of and vote at the meeting and
will be asked to consider a proposal to amend the investment objectives of the
Fund. These amendments will change the investment objectives of the Fund so
that it can have direct and indirect exposure to a broader universe of fixed
If these amendments are approved by unitholders of the Fund, the name of
the Fund will be changed to the "Jov Bond Fund". JovInvestment Management Inc.
and Leon Frazer & Associates Inc. will continue to be the portfolio adviser
and portfolio sub-adviser, respectively, of the Fund.
"Upon approval, the Fund's portfolio will be restructured to gain
exposure to bonds with longer maturity terms and higher yields," said Adam
Felesky, Chief Executive Officer of JovFunds Management Inc. "This proposal is
part of our commitment to strengthen our product lineup and deliver innovative
investment solutions to investment professionals and their clients."
Details of the proposal are outlined in a management information circular
to be delivered to unitholders in connection with the meeting. The management
information circular is available on www.sedar.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 $1.8 billion in client assets
and is wholly owned by Jovian Capital Corporation.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian is a publicly-traded company listed on the TSX (JOV). 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 ($5.8 billion in assets under
management and $9.2 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., JovInvestment Management Inc., Leon Frazer &
Associates Inc. and T.E. Wealth. Financial corporate service entities
include Felcom Data Services Inc.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Additional information about the meetings is available at
Additional information relating to Jovian is available at
www.sedar.com and www.joviancapital.com
For further information:
For further information: Adam Felesky, Chief Executive Officer, JovFunds
Management Inc., (416) 933-5739