Jov BetaPro Short-Term Income Fund to hold special meeting of unitholders

Fri Jun 20, 5:43 PM

TORONTO, June 20 /CNW/ - JovFunds Management Inc., the manager of the Jov BetaPro Short-Term Income Fund (the "Fund"), will hold a special meeting of the unitholders of the Fund on August 11, 2008. Unitholders of record on June 27, 2008, will be entitled to receive notice of and vote at the meeting and will be asked to consider a proposal to amend the investment objectives of the Fund. These amendments will change the investment objectives of the Fund so that it can have direct and indirect exposure to a broader universe of fixed income securities.

If these amendments are approved by unitholders of the Fund, the name of the Fund will be changed to the "Jov Bond Fund". JovInvestment Management Inc. and Leon Frazer & Associates Inc. will continue to be the portfolio adviser and portfolio sub-adviser, respectively, of the Fund.

"Upon approval, the Fund's portfolio will be restructured to gain exposure to bonds with longer maturity terms and higher yields," said Adam Felesky, Chief Executive Officer of JovFunds Management Inc. "This proposal is part of our commitment to strengthen our product lineup and deliver innovative investment solutions to investment professionals and their clients."

Details of the proposal are outlined in a management information circular to be delivered to unitholders in connection with the meeting. The management information circular is available on www.sedar.com.

About JovFunds Management Inc. (www.jovfunds.com)

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 $1.8 billion in client assets and is wholly owned by Jovian Capital Corporation.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a management and holding company with interests in a variety of financial service firms specializing in wealth* and asset(xx) management. The Jovian group of companies operates as a national financial services organization with approximately $15.0 billion of client assets ($5.8 billion in assets under management and $9.2 billion in assets under administration).

*Wealth management entities include MGI Securities Inc., MGI Securities

(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities

include BetaPro Management Inc., Horizons Funds Inc., JovFunds Management

Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer &

Associates Inc. and T.E. Wealth. Financial corporate service entities

include Felcom Data Services Inc.

The TSX has not reviewed and does not accept responsibility for the

adequacy or accuracy of this release.

    
          Additional information about the meetings is available at
                               www.jovfunds.com

          Additional information relating to Jovian is available at
                   www.sedar.com and www.joviancapital.com

Contacts

Adam Felesky
Chief Executive Officer
JovFunds Management Inc.
(416) 933-5739