TORONTO, Aug. 12 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX)
and its subsidiary AlphaPro Management Inc. ("AlphaPro") are pleased to
announce that the syndicate agents for the initial public offering of the
Horizons AlphaPro Fiera Tactical Bond Fund (the "Fund"), led by BMO Capital
Markets and CIBC World Markets, have exercised the over-allotment option for
an additional 258,534 Class A units of the Fund. In total, the Fund has issued
approximately 3.3 million Class A and Class F units, for gross proceeds of
approximately $33 million. The Class A units are listed for trading on the
Toronto Stock Exchange under the symbol HAF.UN.
The Fund has been created to provide investors with a stable stream of
tax-efficient monthly distributions and the opportunity for capital
appreciation through exposure to the investment strategies of Fiera Capital
Inc. ("Fiera"), one of the largest independent money managers in Canada.
The Fund is expected to automatically convert into an actively managed
exchange traded fund ("ETF") by no later than December 31, 2010.
The net proceeds of the offering will be used to gain exposure to an
actively managed portfolio of ETF investments that Fiera's asset allocation
team believes will provide the greatest opportunity for generating stable
risk-adjusted returns. This will occur through exposure to global fixed income
markets, including government treasury securities, corporate bonds and high
yield debt securities. Using its proprietary tactical asset allocation
process, Fiera will seek to actively manage the duration, credit exposure and
risk in the portfolio through its selection of investments from a universe of
more than 80 global fixed income ETFs.
A copy of the Fund's final prospectus is available on AlphaPro's website
About Fiera Capital Inc. (www.fieracapital.com)
Founded in 2003, Fiera is one of the largest independent money managers
in Canada with approximately $18.8 billion in assets under management as at
June 30, 2009. Fiera has depth and expertise in both fixed income management
(approximately $12.7 billion in assets under management) and tactical asset
allocation (approximately $1.9 billion in assets under management in specialty
asset allocation mandates and a further approximately $4.2 billion in
diversified balanced mandates that include an asset allocation component).
About AlphaPro Management Inc. (www.hapetfs.com)
AlphaPro, the manager and the trustee of the Horizons AlphaPro ETFs, is
an innovative financial services company specializing in actively managed
ETFs. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro
is Canada's largest provider of inverse, leveraged and inverse leveraged ETFs.
BetaPro manages over $2.5 billion in assets as of July 31, 2009. BetaPro is a
subsidiary of Jovian.
About Jovian Capital Corporation (www.joviancapital.com)
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 $12.5
billion of client assets ($6.0 billion in assets under management and $6.5
billion in assets under administration). Additional information is available
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Howard Atkinson, President, AlphaPro
Management Inc., (416) 777-5167; or Philip Armstrong, Chief Executive Officer,
Jovian Capital Corporation, (416) 933-5752