Jov Diversified Flow-Through

January 19, 2011 17:59 ET

Jov Diversified Flow-Through 2009 Limited Partnership Rollover and Dissolution

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2011) - Jov Diversified Flow-Through 2009 Limited Partnership -  

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Jov Diversified Flow-Through 2009 Limited Partnership (the "Partnership") announced that it will be proceeding with a transaction (the "Liquidity Transaction") pursuant to which the assets of the Partnership (the "Assets") will be transferred on a tax-deferred basis to the Jov Canadian Equity Class (the "Mutual Fund Class") of Jov Corporate Funds Ltd. (the "Corporation" or "Mutual Fund"), an open-ended mutual fund corporation, in exchange for Series A shares of the Mutual Fund Class. Pursuant to the Liquidity Transaction, limited partners of the Partnership (the "Partners") will receive the Mutual Fund Class shares in connection with the dissolution of the Partnership. The general partner of the Partnership (the "General Partner") will be implementing the Liquidity Transaction in accordance with the amended and restated limited partnership agreement (the "Partnership Agreement") that governs the Partnership. The Liquidity Transaction has been mutually agreed to by the General Partner and the Mutual Fund.

The effective date of the Liquidity Transaction (the "Effective Date") is expected to be on or about February 15, 2011. Within 60 days of the Effective Date, the Mutual Fund Class shares that the Partnership will receive as consideration for the transfer of the Assets will be distributed to the Partners on a pro rata basis and thereafter the Partnership will be dissolved. Information with respect to the Mutual Fund Class can be found on the website of JovInvestment Management Inc. (the "Manager" or "JovInvestment") at www.jovfunds.com.

Redemption

The Equity Class Shares are in book-entry only form. Partners who would like to redeem their Equity Class shares must contact their brokers or dealers to execute the redemption.  Processing at the dealer level can be delayed after the rollover occurs, therefore transactions such as switches or redemptions may not be processed until the Mutual Fund Class shares have been credited to client accounts. Neither the Partnership nor the Mutual Fund will accept any liability for transactions in Mutual Fund Class shares executed prior to dealer records being updated.

About the Partnership (www.jovflowthrough.com)

The Partnership was established to provide limited partners with a tax-assisted investment in a diversified portfolio of flow-through shares of resource companies with a view to achieving capital appreciation and profits. The principal business of the resource companies was oil and gas exploration, development and/or production and mining exploration, development and/or production.

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

JovInvestment provides management and investment advisory services to a broad range of clients, including exchange-traded funds, public mutual funds, closed-end funds, flow-through limited partnerships, hedge funds and principal protected notes. JovInvestment had over $4.1 billion in assets under management or administration as at December 31, 2010 and is wholly owned by Jovian Capital Corporation.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian Capital Corporation ("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 Securities Inc., MGI Securities (USA) Inc., and T.E. Wealth) manages $13.0 billion of client assets ($7.5 billion in assets under management and $5.5 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Further information with respect to the Mutual Fund
    JovInvestment Management Inc.
    Manager of the Mutual Fund
    416.601.2500 or Toll Free: 1.866.514.6603
    416.601.2501 (FAX)
    info@jovfunds.com
    www.jovfunds.com
    or
    Further information with respect to the Partnership
    Jov Diversified Flow-Through 2009 Limited Partnership
    604.684.5750
    604.684.5748 (FAX)
    info@jovflowthrough.com
    www.jovflowthrough.com