TORONTO, Oct. 31 /CNW/ - JovFunds Management Inc. ("JovFunds"), the
manager of Charterhouse Preferred Share Index Corporation ("Charterhouse"),
announces that the adjourned special meeting of the preferred shareholders of
Charterhouse was held on October 30, 2008.
Preferred shareholders of Charterhouse approved a special resolution to
merge Charterhouse into a newly formed open-ended mutual fund trust and, in
the event the merger is implemented, suspend the annual retraction of
preferred shares or payment of annual retraction proceeds. Preferred
shareholders of Charterhouse also approved a special resolution to amend the
articles of incorporation of Charterhouse to permit it to suspend the annual
retraction of preferred shares or payment of retraction proceeds if, prior to
the scheduled annual redemption date, the board of directors elects to redeem
all outstanding preferred shares of Charterhouse in connection with the
orderly liquidation of Charterhouse.
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