Long Reserve Life Resource Fund (LRF.UN), Deans Knight Income and Growth Fund (DKI.UN), Nuveen Senior Floating Rate Income Fund (FSL.UN), Senior Floating Rate Income Trust, Fairway Diversified Income and Growth Trust (FDT.UN), and Charterhouse Preferred Share Index Corporation (PFD.PR.A) announce amalgamation of Fairway Advisors Inc. and Charterhouse PSI Management Corporation with JovFunds Management Inc.



    TORONTO, Sept. 5 /CNW/ - Fairway Advisors Inc., the manager and trustee
of the Long Reserve Life Resource Fund, Deans Knight Income and Growth Fund,
Nuveen Senior Floating Rate Income Fund, Senior Floating Rate Income Trust and
Fairway Diversified Income and Growth Trust (collectively, the "Fairway
Funds") and Charterhouse PSI Management Corporation, the manager of the
Charterhouse Preferred Share Index Corporation ("Charterhouse"), have
amalgamated with their affiliate JovFunds Management Inc. ("JovFunds") and
will each continue under the name "JovFunds Management Inc." This is part of
the consolidation of several fund management companies and investment product
brands under JovFunds that were acquired or created by Jovian Capital
Corporation ("Jovian") over the past few years. The restructuring will not
result in any change to the day-to-day operations of the Fairway Funds or
Charterhouse.

    About JovFunds Management Inc.
    JovFunds is a national financial services organization which provides
innovative investment solutions for Canadians through the creation, management
and distribution of high quality investment products. As a member of the
Jovian group of companies, JovFunds manages and distributes a diverse range of
mutual funds, structured products and alternative investments with assets in
excess of $1.2 billion.

    About Jovian
    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 $15.0 billion of client assets ($5.5 billion
in assets under management and $9.5 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., Leon Frazer & Associates Inc. and T.E.
    Wealth. Financial corporate service entities include Felcom Data Services
    Inc. and Felcom Data Services (Quebec) Inc.





For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Steve Hawkins, Managing Partner,
JovFunds Management Inc., 1-866-601-2440; or Please visit
www.joviancapital.com and www.jovfunds.com

Organization Profile

JOVFUNDS MANAGEMENT INC.

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