Horizons Global Contrarian Fund unitholders approve change of investment objectives

    TORONTO, June 9 /CNW/ - Horizons Funds Inc., the manager of the Horizons
Global Contrarian Fund (the "Fund"), held a special meeting of the Fund's
unitholders on June 5, 2008 that, in order to satisfy quorum requirements, was
adjourned until June 6, 2008. At the adjourned special meeting, unitholders of
the Fund approved the amendment of the investment objectives of the Fund. The
Fund's investment objectives have been broadened to clearly include investment
in traditional commodities such as, but not limited to, minerals, metals,
energies, forest products and agricultural products.
    "We are very pleased that investors approved the inclusion of the
commodity markets," said Adam Felesky, Chief Executive Officer of Horizons
Funds Inc., "as we believe that these markets are an essential part of the
future success of the Horizons Global Contrarian Fund's mandate."
    The amended investment objectives of the Fund will, subject to regulatory
approval, take effect on or about June 9, 2008.

    About Horizons Funds Inc.

    Horizons Funds Inc. is a subsidiary of JovFunds Management Inc., a
wholly-owned subsidiary of Jovian Capital Corporation.

    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 $1.8 billion in client assets
and is wholly owned by Jovian Capital Corporation.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian is a publicly-traded company listed on the TSX (JOV). 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 ($5.8 billion in assets under
management and $9.2 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., JovInvestment
         Management Inc., Leon Frazer & Associates Inc. and T.E. Wealth.
         Financial corporate service entities include Felcom Data Services

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.

For further information:

For further information: Adam Felesky, Chief Executive Officer, Horizons
Funds Inc., (416) 933-5739; Additional information about the meetings is
available at www.jovfunds.com; Additional information relating to Jovian is
available at www.sedar.com and www.joviancapital.com

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