Charterhouse Preferred Share Index Corporation (PFD.PR.A) to delist and merge into Jov Leon Frazer Preferred Equity Fund

    TORONTO, Jan. 19 /CNW/ - JovFunds Management Inc. ("JovFunds") announced
today that the securities of Charterhouse Preferred Share Index Corporation
(the "Corporation") will be delisted from the Toronto Stock Exchange at the
close of business on January 23, 2009 so that the merger of the Corporation
into a newly created open-end mutual fund trust (the "Merger"), named the Jov
Leon Frazer Preferred Equity Fund (the "Fund"), may proceed as previously
announced on November 12, 2008.
    Subject to regulatory approval, the Merger will occur at the close of
business on or about January 30, 2009 (the "Effective Date"), at a ratio based
on the net asset value of the preferred shares of the Corporation on the
Effective Date, and, $10.00, the starting net asset value of the Series A
units of the Fund. Units of the Fund will be valued daily and may be
transacted via the FundSERV Network on or about February 2, 2009.
    Please refer to the Fund's Preliminary Simplified Prospectus at for information on the Fund. For more information about the
Corporation, the Merger, or for a copy of the Preliminary Simplified
Prospectus of the Fund, please call 1-866-514-6603 or visit us at

    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., MGI Financial 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 $12.0 billion of client assets ($5.0
billion in assets under management and $7.0 billion in assets under
administration). Additional information is available at

For further information:

For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442; or Kevin S. Beatson, Chief Executive Officer,
Charterhouse Preferred Share Index Corp., (416) 777-5165

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