Jovian Announces Exercise of Over-Allotment Option on Horizons AlphaPro Gartman Fund

    TORONTO, April 15 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX:
JOV) and its subsidiary AlphaPro Management Inc. ("AlphaPro") are pleased to
announce that the syndicate agents for the initial public offering of the
Horizons AlphaPro Gartman Fund (the "Fund"), led by CIBC World Markets Inc.
and BMO Capital Markets, have exercised the over-allotment option for an
additional 265,000 Class A units of the Fund. In total, the Fund has issued
approximately 5.8 million Class A and Class F units, for gross proceeds of
approximately $58 million. The Class A units are listed for trading on the
Toronto Stock Exchange ("TSX") under the symbol HAG.UN.
    The Fund has been created to provide investors with the opportunity for
capital appreciation through exposure to the investment strategies of The
Gartman Letter, L.C. ("Gartman") founded by Dennis Gartman who is also author
and editor of the daily publication The Gartman Letter(TM).
    The Fund is expected, subject to regulatory approval, to automatically
convert into an actively managed exchange traded fund ("ETF") by no later than
March 31, 2010.
    The Fund uses equity securities, futures contracts and ETFs to provide
the Fund with long and short exposure to multiple asset classes which may
include but are not limited to global equities, commodities, fixed income and
currencies. The net proceeds of the offering are invested in an actively
managed portfolio of investments that Gartman believes will provide the
greatest opportunity for consistent capital appreciation through all market
and business cycles.
    A copy of the Fund's prospectus is available on AlphaPro's website

    About Dennis Gartman and The Gartman Letter

    Dennis Gartman, the author of The Gartman Letter, has worked in the
capital markets since 1974. Since 1987, Mr. Gartman has provided
recommendations on the global capital markets in the daily publication The
Gartman Letter, a highly regarded daily macro-economic and trading-oriented
newsletter read by the professional investment community including leading
global banks, brokerage firms, hedge funds, mutual funds and commodity trading
companies. The Gartman Letter is written by Mr. Gartman with the assistance of
associates Roy "Chip" Runyon and J. Cameron Robinett. The Gartman Letter
provides commentary and investment recommendations on most financial markets,
with particular emphasis on fixed income, foreign exchange, equity indices,
precious metals, energy and agricultural commodities.

    About AlphaPro Management Inc. (

    AlphaPro Management Inc., the manager and the trustee of the Horizons
AlphaPro ETFs ("AlphaPro"), 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 leveraged
and inverse leveraged ETFs. BetaPro manages over $2.0 billion in assets in the
BetaPro ETFs. BetaPro is an indirect subsidiary of Jovian.

    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 (USA) Inc., MGI Wealth, 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 Howard Atkinson, President, BetaPro
Management Inc., (416) 777-5167

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AlphaPro Management Inc.

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