Jov Diversified Flow-Through 2009 Limited Partnership

Jov Diversified Flow-Through 2009 Limited Partnership

February 17, 2011 12:30 ET

Jov Diversified Flow-Through 2009 Limited Partnership Rollover Completed-4 Months Ahead of Schedule

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2011) - CADO Investment Fund Management Inc. today announced that on February 15, 2011, the rollover of the assets of the Jov Diversified Flow-Through 2009 Limited Partnership, CUSIP 46622E100, (the "Partnership") into Jov Canadian Equity Class Series A Shares, JOV140, (the "Mutual Fund Shares") of Jov Corporate Funds Ltd. (the "Corporation" or "Mutual Fund") was completed. Limited partners of the Partnership (the "Partners") are receiving Mutual Fund Shares in exchange for the assets of the Partnership on a tax deferred basis. The Mutual Fund Shares are redeemable at the discretion of the shareholder.

The effective date of the rollover is Tuesday, February 15, 2011. The Mutual Fund Shares will be distributed to the Partners on a pro rata basis and thereafter the Partnership will be dissolved. Each unit of the Partnership was originally issued at $25.00 and had a final net asset value of $31.95. The net asset value per Mutual Fund Share at the time of the rollover was $7.71.

 
       
Initial Investment   $ 25.00
Income Tax Savings (1)     13.80
At-Risk Capital   $ 11.20
       
Net Asset Value per Rollover Unit   $ 31.95
       
RETURN ON AT-RISK CAPITAL     185%
       
AFTER-TAX RETURN ON AT-RISK CAPITAL(2)     92%
       
(1) Assumed marginal tax rate of 45%
(2) Includes capital gains tax on disposition
     
       
       
 

Redemption

The Mutual Fund Shares are in book-entry only form. Partners who would like to redeem their Mutual Fund 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 Shares have been credited to client accounts. Neither the Partnership nor the Mutual Fund will accept any liability for transactions in Mutual Fund 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. Additional information is available at www.jovflowthrough.com and www.sedar.com.

For further information or assistance with respect to the Mutual Fund, please contact:

Manager of the Mutual Fund
JovInvestment Management Inc.
26 Wellington Street East, Suite 608, Toronto, Ontario M5E 1S2

For further information or assistance with respect to the Partnership, please contact:

CADO Investment Fund Management Inc.
609 Granville Street, Suite 808, Vancouver, BC V7Y 1G5

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

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