Jovian Announces Common Share Consolidation

    TORONTO, April 20 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX:
JOV) announces that, further to the approval of shareholders received on March
5, 2009, Jovian is proceeding with the proposed consolidation of its common
shares and has set April 29, 2009, as the effective date. The Board of
Directors of Jovian has set a consolidation ratio of twenty (20) old common
shares for one (1) new common share. Jovian currently has 167,869,578 common
shares issued and outstanding, and expects to have approximately 8,393,479
common shares issued and outstanding following the consolidation. Jovian's
common shares are expected to commence trading on the TSX on a
post-consolidation basis on April 29, 2009.
    Shareholder who hold common shares in the name of a nominee (e.g. a trust
company, securities broker, or other financial institution) should contact
their nominee to determine if anything needs to be done to effect the
consolidation of common shares.
    Registered shareholders, however, were recently mailed a Letter of
Transmittal with the materials for the Special Meeting of Shareholders held on
March 5, 2009. Registered shareholders should complete, sign and return the
Letter of Transmittal, along with the share certificate(s) representing their
pre-consolidation common shares, to Computershare Investor Services Inc. at
one of the addresses in the Letter of Transmittal. Upon receipt of a
properly-completed and signed Letter of Transmittal and the share
certificate(s) referred to in the Letter of Transmittal, Jovian will arrange
to have a new share certificate representing the appropriate number of
post-consolidation common shares delivered in accordance with the instructions
provided by the shareholder in the Letter of Transmittal. No delivery of a new
certificate to a shareholder will be made until the shareholder has
surrendered their current issued certificates. Until surrendered, each share
certificate formerly representing old common shares shall be deemed for all
purposes to represent the number of new common shares to which the shareholder
is entitled as a result of the consolidation.
    No fractional shares will be issued. If the consolidation would result in
a shareholder holding a fraction of a common share, such fractional common
share, if less than one-half, shall be rounded down to zero and, if equal to
or greater than one-half, shall be rounded up to one.

    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 Financial Inc., MGI Securities Inc., MGI
Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages
approximately $12.0 billion of client assets ($6.5 billion in assets under
management and $5.5 billion in assets under administration). Additional
information is available at and

For further information:

For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong. C.E.O., Jovian
Capital Corporation, (416) 933-5752

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Jovian Capital Corporation

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