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Jovian Announces Exercise of Over-Allotment Option on Horizons AlphaPro Fiera Tactical Bond Fund

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^{Published in Business and Finance on Wednesday, August 12th 2009 at 7:57 GMT, Last Modified on 2009-08-12 07:57:35 by Market Wire}  

 TORONTO, Aug. 12 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX) and its subsidiary AlphaPro Management Inc. ("AlphaPro") are pleased to announce that the syndicate agents for the initial public offering of the Horizons AlphaPro Fiera Tactical Bond Fund (the "Fund"), led by BMO Capital Markets and CIBC World Markets, have exercised the over-allotment option for an additional 258,534 Class A units of the Fund. In total, the Fund has issued approximately 3.3 million Class A and Class F units, for gross proceeds of approximately $33 million. The Class A units are listed for trading on the Toronto Stock Exchange under the symbol HAF.UN. 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 Fund is expected to automatically convert into an actively managed exchange traded fund ("ETF") by no later than December 31, 2010. The net proceeds of the offering will be used to gain exposure to an actively managed portfolio of ETF investments that Fiera's asset allocation team believes 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. A copy of the Fund's final prospectus is available on AlphaPro's website[ www.hapetfs.com ]. About Fiera Capital Inc. ([ www.fieracapital.com ]) Founded in 2003, Fiera is one of the largest independent money managers in Canada with approximately $18.8 billion in assets under management as at June 30, 2009. Fiera has depth and expertise in both fixed income management (approximately $12.7 billion in assets under management) and tactical asset allocation (approximately $1.9 billion in assets under management in specialty asset allocation mandates and a further approximately $4.2 billion in diversified balanced mandates that include an asset allocation component). About AlphaPro Management Inc. ([ www.hapetfs.com ]) AlphaPro, the manager and the trustee of the Horizons AlphaPro ETFs, 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 inverse, leveraged and inverse leveraged ETFs. BetaPro manages over $2.5 billion in assets as of July 31, 2009. BetaPro is a subsidiary of Jovian. About Jovian Capital Corporation ([ www.joviancapital.com ]) 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 Securities Inc., MGI Securities (USA) Inc., MGI Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.5 billion of client assets ($6.0 billion in assets under management and $6.5 billion in assets under administration). Additional information is available at [ www.sedar.com ].

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