TORONTO, ONTARIO — (Marketwire) — 08/24/11 — Jov Diversified Quebec 2009 Flow-Through Limited Partnership –
PART I – FUND ROLLOVER TRANSACTION
The Liquidity Transaction
This notice is being sent to advise that Jov Diversified Quebec 2009 Flow-Through Limited Partnership (the “Partnership”) 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 September 30, 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 .
Please be advised that JovInvestment, the Manager of the Mutual Fund Class of the Corporation, has announced on July 25, 2011, that on or about September 30, 2011 it would be transferring its fund management duties to its affiliate, JovFinancial Solutions Inc. (“JovFinancial”), and its investment management responsibilities with respect to the Mutual Fund Class to another affiliate, Leon Frazer and Associates Inc. There will be no change to the investment sub-advisor, T.I.P. Wealth Manager Inc., or to the investment objectives and strategies of the Mutual Fund Class as a result of these transfers of duties. The assignment of management functions to JovFinancial and investment management functions to Leon Frazer is being done to better align the responsibilities for the Mutual Fund Class within the Jovian Capital Corporation group of companies and is not expected to have any material impact on the Funds– operations or expense levels.
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.
PART II – THE PARTNERSHIP AND THE MUTUAL FUND
Jov Diversified Quebec 2009 Flow-Through Limited Partnership
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 for Limited Partners. The principal business of the resource companies was oil and gas exploration, development and/or production and mining exploration, development and/or production.
Investors received tax deductions for 2009 of approximately 100% of the amount of their investment.
Jov Canadian Equity Class
The Mutual Fund is a mutual fund corporation authorized to issue up to 100 separate classes of which the Jov Canadian Equity Class of shares is one. Each class of mutual fund shares is a separate mutual fund. The Corporation–s articles permit it to issue an unlimited number of mutual fund shares in each class in one or more series. The Corporation currently offers only series A shares of the Jov Canadian Equity Class. The Corporation may, without notice to or approval from the existing shareholders of the Fund, create new mutual funds by distributing these classes of mutual fund shares to the public.
Investment Objective & Strategies of the Mutual Fund
The investment objective of the Mutual Fund is to seek consistent long term growth by investing primarily in equity securities of Canadian companies.
The Mutual Fund will invest in a diversified basket of equity securities of Canadian companies involved in all sectors of the Canadian economy. The manager may, from time to time, decide to over/under weight any industry sector such as the energy, natural resource or financial sectors. Using a bottom-up investment approach, the manager will select companies that have the best combination of relative valuation, growth potential, competitive positioning and management ability.
The Mutual Fund may take positions in other securities, such as convertible securities, high-yield debt securities and derivative instruments based on such securities, invest in foreign companies listed on major stock exchanges or exchange traded funds that provide magnified positive or inverse exposure to the foregoing.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the prospectus before investing.
Sub-Advisor
T.I.P. Wealth Manager Inc. (“TIP”) will act as sub-advisor to JovInvestment (the “Investment Manager”), and will be responsible for the Mutual Fund–s investment activities. Mr. Jim Huang, the President of T.I.P., will act as Portfolio Manager on behalf of TIP. Mr. Huang has over 16 years of experience investing in the Canadian capital markets. As lead or co-manager while working at NATCAN (formerly Altamira), Mr. Huang has 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. Currently, Mr. Huang is the manager for the T.I.P. Opportunities Fund, a long/short North American equity hedge fund, as well as being the lead manager for the Maple Leaf Short Duration Flow-Through Funds, the Maple Leaf Corporate Funds Ltd. family of mutual funds and a small cap equity mutual fund.
Regulatory Approvals
Completion of the Liquidity Transaction is subject to the receipt of all necessary regulatory approvals and other closing conditions.
Additional Information
Additional information about the Mutual Fund will be available in the Mutual Fund–s simplified prospectus, annual information form, management reports of fund performance and financial statements. You can obtain a copy of these documents at your request and at no cost by calling toll free 1-866-514-6603, or from your financial advisor, or by e-mailing , or at .
These documents and other information about the Mutual Fund, such as information circulars and material contracts, will also be available at SEDAR (the System for Electronic Document Analysis and Retrieval established by the Canadian Securities Administrators) at .
For further information or assistance with respect to the Mutual Fund, please contact the Manager of the Mutual Fund via the contact information listed below.
For further information or assistance with respect to Jov Diversified Quebec 2009 Flow-Through Limited Partnership please contact The Limited Partnership via the contact information listed below.
Contacts:
Manager of the Mutual Fund
JovInvestment Management Inc.
416.601.2500 or Toll Free: 1.866.514.6603
416.601.2501 (FAX)
The Limited Partnership
Jov Flow-Through
604.684.5750
604.684.5748 (FAX)