JovFunds Management Inc. announces fund reorganizations

    TORONTO, Aug. 17 /CNW/ - JovFunds Management Inc. ("JovFunds"), the
manager of the Jov Canadian Equity Class of Jov Corporate Funds Ltd. (the
"Corp Fund"), and manager and trustee of Jov Bond Fund, Jov Leon Frazer
Dividend Fund, Jov Leon Frazer Preferred Equity Fund, Jov Fiera Conservative
Tactical Portfolio, Jov Fiera Balanced Tactical Portfolio, and Jov Fiera
Growth Tactical Portfolio (the "Trusts"), announces that:

    (a) effective September 15, 2009, JovFunds will assign its management
        duties in respect of the Corp Fund to its affiliate JovInvestment
        Management Inc. ("JIMI"), the portfolio manager of the Corp Fund; and
    (b) effective September 15, 2009, JovFunds will assign its management
        duties in respect of the Trusts to its affiliate MGI Funds Inc.

    The assignment of JovFunds management functions to JIMI in respect of the
Corp Fund, and to MGI in respect of the Trusts, is being done to create
synergies within our organization and is not expected to have any material
impact on these funds' operations or expense levels as all professional,
technical and support staff will remain in place, including the investment and
client service teams.

    About JovFunds Management Inc. (

    The JovFunds group of companies, which includes JovInvestment Management
Inc., provides innovative investment solutions for Canadians through the
creation, distribution and management of high quality investment products. As
of July 31, 2009, JovFunds manages and distributes approximately $3.1 billion
of client assets and is wholly owned by Jovian Capital Corporation.

For further information:

For further information: Steve Hawkins, Managing Partner, JovFunds
Management Inc., (416) 601-2442

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