Jov Diversified Flow-Through 2009 Limited Partnership

Jov Diversified Flow-Through 2009 Limited Partnership

October 13, 2009 19:25 ET

Jov Diversified Flow-Through 2009 Limited Partnership Maximum Offering-$25,000,000

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2009) - Jov Diversified Flow-Through 2009 Limited Partnership (the "Partnership") is pleased to announce that it has filed a preliminary prospectus (the "Prospectus") dated October 7, 2009 with the securities commissions or similar authorities in each of the provinces and territories of Canada other than Quebec, relating to the initial public offering of units of the Partnership.

Partnership Objectives. The Partnership will provide 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.

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

Tax Benefits. Investors are expected to receive tax deductions for 2009 of approximately 100% of the amount invested based on and certain conditions as set forth in the Prospectus.

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.

Mr. Huang manages the Jov Diversified Flow-Through 2008-II Limited Partnership which achieved an increase in net asset value of 92.41% during the period of December 31, 2008 to July 31, 2009.

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.

Offering Jurisdictions. Each of the provinces and territories of Canada other than Quebec.

Investment Guidelines. The Partnership has developed investment guidelines and restrictions which govern the Partnership's overall investment activities, which include the following:

Investment Restrictions (% of
Type of Investment NAV upon investment)
Resource Companies listed on a
stock exchange At least 80%
Illiquid Investment (including
securities of Resource Companies
that are not publicly traded) Not more than 20%
Investment in any one Resource Company Not more than 20%
Investment in Related Entities Not more than 10%

In addition, the investment portfolio of the Partnership will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

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

JovInvestment is a wholly-owned indirect subsidiary of Jovian. Jovian is a publicly-traded company listed on the Toronto Stock Exchange under the trading symbol "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 Securities Inc., MGI Securities (USA) Inc., and T.E. Wealth) manages $12.5 billion of client assets ($6.5 billion in assets under management and $6 billion in assets under administration).

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

A preliminary prospectus dated October 7, 2009 relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada other than Quebec, but has not yet become final for the purpose of distribution to the public. 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. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Capitalized terms not defined herein have the meanings set forth in the preliminary prospectus.

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