Jov Diversified Quebec 2009 Flow-Through Limited Partnership

November 24, 2009 16:57 ET

Jov Diversified Quebec 2009 Flow-Through Limited Partnership Books Closing December 1, 2009 @ 12 Noon EST

 

TORONTO, ONTARIO--(Marketwire – Nov. 24, 2009) - Jov Diversified Quebec 2009 Flow-Through Limited Partnership ("the Partnership") is pleased to announce that it has filed a final prospectus ("Prospectus") in the provinces of Quebec and British Columbia.

The final close will be on Wednesday December 2, 2009 with books closing on Tuesday, December 1, 2009 at 12 noon EST or without notice if sold out.

Partnership Objectives. The Partnership will provide investors ("Limited Partners") with a tax-assisted investment in a diversified portfolio of Flow-Through Shares of oil & gas and mineral exploration, development and or/production companies and possibly renewable energy production companies (the "Resource Companies") with a view to achieving capital appreciation for Limited Partners.

Limited Partners are expected to receive tax deductions for 2009 of approximately 136% of the amount invested based on completion of the maximum offering and certain other conditions as set forth in the Prospectus. Investors may also receive an additional 14% over the next 4 years.

The Syndicate. The syndicate of agents for the offering is being co-led by National Bank Financial Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. and includes HSBC Securities (Canada) Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corp., Laurentian Bank Securities Inc., GMP Securities L.P., Industrial Alliance Securities Inc., M Partners Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc.

The Sub-Advisor and the Portfolio Manager. T.I.P. Wealth Manager Inc. (the "Sub-Advisor") will act as sub-advisor to JovInvestment Management Inc., and will be responsible for the Partnership's investment activities. Mr. Jim Huang, the President of T.I.P., will act as Portfolio Manager on behalf of the Sub-Advisor. Mr. Huang has over 16 years of investment experience and was formerly a Vice President and portfolio manager at Natcan Investment Management Inc. and its predecessor Altamira Management Ltd. from November 1998 to March 2006. Prior to that, from February 1996 to November 1998, he was a Senior Research Analyst/Investment Officer at Sun Life of Canada.

While working at NATCAN (formerly Altamira), Mr. Huang managed or co-managed over $2 billion in mutual funds and institutional assets, including all of the resource and equity income products in the Altamira and National Bank mutual fund families. Altamira Energy Fund, Altamira Resource Fund, Altamira Precious and Strategic Metals Fund and AltaFund (a Canadian Equity fund focusing on Western Canada) had industry-leading performance and won awards and positive press coverage during Mr. Huang's management.

In addition, Mr. Huang has experience managing the portfolios of flow-through limited partnerships and other resource funds, having acted as investment advisor for Jov Diversified Flow-Through 2008-II Limited Partnership, Jov Diversified Flow-Through 2008 Limited Partnership, Jov Flow-Through 2007 Limited Partnership, Rhone 2004 Flow Through Limited Partnership, Rhone 2005 Flow-Through Limited Partnership, Alpha Energy 2006 Flow-Through Fund, First Asset Energy & Resource Income & Growth Fund and First Asset Energy and Resource Fund, as well as other privately offered flow-through investment vehicles.

The Investment Manager. JovInvestment Management Inc. ("JovInvestment") is the investment manager of the Partnership.

JovInvestment is a wholly-owned indirect subsidiary of Jovian Capital Corp. ("Jovian"). Jovian is a publicly-traded company listed on the Toronto Stock Exchange ("JOV"). 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 Exchange Traded Funds Inc., Horizons Funds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Financial Inc., MGI Funds Inc, MGI Securities Inc., MGI Securities (USA) Inc. and T.E. Wealth) manages approximately $11.5 billion of client assets ($7.0 billion in assets under management and $4.5 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com.

JovInvestment provides management and fund management services for mutual funds, closed-end funds and labour sponsored investment funds.

A final Prospectus dated November 17, 2009 relating to these securities has been filed with the securities commissions or similar authorities in the provinces of Quebec and British Columbia. This release shall not constitute an offer to sell or the solicitation of any offer to buy the securities. This release is provided for information purposes only. This offering is only made by Prospectus. The Prospectus contains important detailed information about the securities being offered and Investors should read the Prospectus before making an investment decision. Please contact your Investment Advisor or Jov Flow-Through to obtain a copy of the Prospectus. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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