Charterhouse Preferred Share Index Corporation (PFD.PR.A), Fairway Diversified Income and Growth Trust (FDT.UN), Deans Knight Income and Growth Fund (DKI.UN) and Long Reserve Life Resource Fund (LRF.UN) Announce Special Shareholder/Unitholder Meetings

    TORONTO, Sept. 12 /CNW/ - Charterhouse Preferred Share Index Corporation
("Charterhouse"), Fairway Diversified Income and Growth Trust ("Fairway
Diversified"), Deans Knight Income and Growth Fund ("Deans Knight") and Long
Reserve Life Resource Fund ("Long Reserve") (collectively, the "Funds")
announce that they will hold special meetings of the shareholders of
Charterhouse and unitholders of Fairway Diversified, Deans Knight and Long
Reserve (collectively, the "Securityholders") on October 20, 2008. JovFunds
Management Inc. ("JovFunds") is the manager of each of these products.
    At the meetings, Securityholders will be asked to consider and vote on
various proposals relating to the Funds in order to be consistent across the
Funds and with market practices, and to improve administrative and operational
efficiencies that will be fully described in the management information
circulars to be provided to Securityholders in advance of the meetings.
Securityholders of record on September 19, 2008, will be entitled to receive
notice of and vote at the meetings.

    About JovFunds Management Inc. (

    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 $2.5 billion in client assets
and is wholly owned by Jovian Capital Corporation.

    About Jovian Capital Corporation (

    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 $15.0 billion of client
assets ($6.0 billion in assets under management and $9.0 billion in assets
under administration). Additional information is available at and

For further information:

For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442; Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744

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