Long Reserve Life Resource Fund (LRF.UN), Deans Knight Income and Growth Fund (DKI.UN), Fairway Investment Grade Income Fund (FGF.UN), Nuveen Senior Floating Rate Income Fund (FSL.UN), Global Preferred Securities Trust (GPT.UN) and Fairway Diversified Income and Growth Trust (FDT.UN) announce adjournment of special meetings of unitholders



    Charterhouse Preferred Share Index Corporation (PFD.PR.A) announces that
    preferred shareholders vote against special resolution

    TORONTO, June 11 /CNW/ - Fairway Advisors Inc., the manager of Long
Reserve Life Resource Fund ("Long Reserve"), Deans Knight Income and Growth
Fund ("Deans Knight"), Fairway Investment Grade Income Fund ("Fairway
Investment"), Nuveen Senior Floating Rate Income Fund ("Nuveen"), Global
Preferred Securities Trust ("Global Preferred"), Fairway Diversified Income
and Growth Trust ("Fairway Diversified") (each individually, a "Fund", or
collectively, the "Funds") and Charterhouse PSI Management Corporation, the
manager of Charterhouse Preferred Share Index Corporation ("Charterhouse"),
announce that:

    
    1.  the special meetings of the unitholders of the Funds could not be
        held today due to a failure to achieve the necessary quorums and have
        been postponed until June 21, 2007; and

    2.  at the special meeting of the preferred shareholders of Charterhouse
        held today, preferred shareholders voted against the proposed
        resolution to approve an amendment to the articles of incorporation
        of Charterhouse, to permit the issue of securities at a price per
        security that is less than the net asset value per security at such
        time.
    

    Unitholders of the Funds wishing to tender proxies for the adjourned
meetings of the Funds must do so in accordance with the Notice of Meeting sent
to unitholders and dated May 15, 2007.

    About the Managers

    Fairway Advisors Inc. and Charterhouse PSI Management Corporation manage
a range of exchange traded investment funds, and both fall within the
oversight of JovFunds Management Inc., a wholly-owned subsidiary of Jovian
Capital Corporation.

    About JovFunds Management Inc.

    JovFunds provides investment solutions for Canadian investors through the
creation, management and distribution of high quality investment products. As
a member of the Jovian group of companies, JovFunds oversees the management
and distribution of a diverse range of mutual funds, structured products and
alternative investments with assets in excess of $1.2 billion.

    About Jovian Capital Corporation

    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 $14.0 billion of client assets ($4.9 billion
in assets under management and $9.1 billion in assets under administration).

    (*)Wealth management entities include Convoy Capital Corporation, JovFunds
Inc., MGI Securities Inc., MGI Securities (USA) Inc. and Rice Financial Group
Inc. (xx)Asset management entities include Accumulus Management Ltd., BetaPro
Management Inc., Charterhouse PSI Management Corporation, DOCP Management
Corp., Horizons Funds Inc., JovInvestment Management Inc., JovFunds Management
Inc., Jovian Asset Management Inc., Leon Frazer & Associates Inc., Pescara
Partners Inc., Taliesin Capital Inc., T.E. Wealth. Financial corporate service
entities include Felcom Data Services Inc. and Services Felcom Data (Quebec)
Inc./Felcom Data Services (Quebec) Inc.

    The TSX does not accept responsibility for the adequacy or accuracy of
    this release.





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Peter Rizakos, Managing Partner,
Fairway Advisors Inc., (416) 601-2591; Additional information about the
meetings is available at www.fairwaycapital.com; Additional information
relating to Jovian is available at www.sedar.com and www.joviancapital.com

Organization Profile

JOVFUNDS MANAGEMENT INC.

More on this organization

LONG RESERVE LIFE RESOURCE FUND

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