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Horizons AlphaPro Fiera Tactical Bond Fund Files Final Prospectus

^{Published on 2009-06-30 14:40:11, Last Modified on 2009-06-30 14:41:16 - Market Wire}
 

 TORONTO, June 30 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV) and its subsidiary AlphaPro Management Inc. ("AlphaPro") are pleased to announce that AlphaPro has filed a final prospectus in respect of an initial public offering of Class A and Class F Units of the Horizons AlphaPro Fiera Tactical Bond Fund (the "Fund"). The anticipated closing date of the offering is July 21, 2009. The Fund is expected to automatically convert into an actively managed ETF on or after June 30, 2010 and, in any event, no later than December 31, 2010. The Fund has been created to provide investors with a stable stream of tax efficient monthly distributions and the opportunity for capital appreciation through exposure to the investment strategies of Fiera Capital Inc. ("Fiera"), one of the largest independent money managers in Canada. The net proceeds of the offering will be used to gain exposure to an actively managed portfolio of exchange traded fund ("ETF") investments that AlphaPro and Fiera's asset allocation team believe will provide the greatest opportunity for generating stable risk-adjusted returns. This will occur through exposure to global fixed-income markets, including government treasury securities, corporate bonds and high yield debt securities. Using its proprietary tactical asset allocation process, Fiera will seek to actively manage the duration, credit exposure and risk in the portfolio through its selection of investments from a universe of more than 80 global fixed-income ETFs. "The Horizons AlphaPro Fiera Tactical Bond Fund offers investors what we believe to be the best of both worlds, in active and passive management," said Howard Atkinson, President of AlphaPro. "This Fund combines exposure to the expertise of one of the best fixed-income managers in Canada, Fiera Capital, and the benefits of ETFs, including intraday liquidity, broad fixed-income diversification and a lower cost than traditional mutual funds." AlphaPro will be the manager and trustee of the Fund and its affiliate JovInvestment Management Inc. ("JovInvestment") will be the investment manager of the Fund, responsible for implementing the investment strategy of the Fund. JovInvestment will also engage the services of Fiera. The syndicate of agents for the offerings is being led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc. and includes National Bank Financial Inc., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Ltd., Wellington West Capital Markets Inc., Blackmont Capital Inc., Laurentian Bank Securities Inc., MGI Securities Inc. and Research Capital Corporation. About Fiera Capital Inc. Founded in 2003, Fiera is one of the largest independent money managers in Canada with approximately $18.5 billion in assets under management as at May 31, 2009. Fiera has depth and expertise in both fixed income management (approximately $12.4 billion in assets under management) and tactical asset allocation (approximately $2 billion in assets under management in specialty asset allocation mandates and a further approximately $4.1 billion in diversified balanced mandates that include an asset allocation component). About AlphaPro Management Inc. ([ www.hapetfs.com ]) AlphaPro Management Inc., the manager and the trustee of the Horizons AlphaPro ETFs, ("AlphaPro"), is an innovative financial services company specializing in actively managed ETFs. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of leveraged and inverse leveraged ETFs. BetaPro manages over $2.4 billion in assets in the BetaPro ETFs as at June 30, 2009. BetaPro is a subsidiary of Jovian Capital Corporation. About Jovian Capital Corporation 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 Funds Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages approximately $12.0 billion of client assets ($6.0 billion in assets under administration and $6.0 billion in assets under management). Additional information is available at [ www.joviancapital.com ] and [ www.sedar.com ].

For further information: Howard Atkinson, President, AlphaPro Management Inc., (416) 777-5167; or Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 933-5744; or Philip Armstrong, C.E.O., Jovian Capital Corporation, (416) 933-5752