Horizons Advantaged Equity Fund Inc. announces amalgamation of Impax Funds Management Inc. with JovFunds Management Inc.

    TORONTO, Sept. 5 /CNW/ - Impax Funds Management Inc., the manager of the
Horizons Advantaged Equity Fund Inc. (the "Fund"), has amalgamated with its
affiliate, JovFunds Management Inc. ("JovFunds") and will 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 Fund.

    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

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