Charterhouse Preferred Share Index Corporation Announces Results of Annual Retraction

    TORONTO, Nov. 20 /CNW/ - JovFunds Management Inc., the manager of
Charterhouse Preferred Share Index Corporation (the "Company") (PFD.PR.A:
TSX), announced today that the Company has received requests for redemption in
respect of a total of 844,498 PSI Preferred Shares ("Shares"), representing
approximately 38% of the outstanding Shares. Redeeming shareholders will be
entitled to receive an amount equal to the net realized proceeds from that
portion of the Index Portfolio that is sold to fund the redemption, together
with any other net assets of the Company as at November 30, 2007. The
redemption payment will be made on or before the tenth business day of the
December, 2007.

    About JovFunds Management Inc.

    JovFunds provides innovative investment solutions for Canadian investors
through the creation, management and distribution of high-quality investment
products. JovFunds oversees the management and distribution of a diverse range
of investment products and currently has more than $1.3 billion in client

For further information:

For further information: Kevin Beatson, Managing Director, (416)
601-2440, JovFunds Management Inc.,, Web site:

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