Jov Talisman Fund Renamed and Converted into Horizons AlphaPro Managed S&P/ TSX 60(R) ETF (HAX: TSX)

    TORONTO, Jan. 7 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
and its subsidiaries JovFunds Management Inc. ("JovFunds") and AlphaPro
Management Inc. ("AlphaPro") are pleased to announce that the Jov Talisman
Fund (the "Fund") has been renamed Horizons AlphaPro Managed S&P/TSX 60(R) ETF
("HAX") and the Class A and F units of the Fund have been converted into Class
E units of HAX. As part of this conversion, AlphaPro has assumed JovFunds'
duties as manager and trustee of HAX.

    The conversion ratios were as follows:

    Fund               HAX
    1 Class A Unit     0.82057 Class E Units
    1 Class F Unit     0.88815 Class E Units

    Class E Units of HAX will be conveyed over CDS, with an effective date of
January 7, 2009, and a settlement date of January 8, 2009.
    For more information call 1-866-641-5739 or visit

    About AlphaPro Management Inc. (

    Horizons AlphaPro ETFs are managed by AlphaPro Management Inc., an
innovative financial services company specializing in actively managed ETFs.
AlphaPro is a subsidiary of Jovian Capital Corporation. The Horizons AlphaPro
Managed S&P/TSX 60 ETF(R) (HAX: TSX) is the first active ETF to be launched by

    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 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
(AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI
Financial 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 and

For further information:

For further information: Steven Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442; or Howard Atkinson, President, AlphaPro
Management Inc., (416) 777-5167

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