Nuveen Senior Floating Rate Income Fund (FSL.UN) Announce Special
TORONTO, June 16 /CNW/ - Charterhouse Preferred Share Index Corporation
("Charterhouse") and Nuveen Senior Floating Rate Income Fund ("Nuveen")
announce that they will hold special meetings of the unitholders of Nuveen and
of the preferred shareholders of Charterhouse (collectively, "Securityholders")
on August 11, 2008, to consider certain proposals relating to Nuveen and
Charterhouse. JovFunds Management Inc. ("JovFunds") is the manager of each of
At the meetings, Securityholders, as applicable, will be asked to consider:
1. Fund Mergers: Charterhouse and Nuveen: To approve the merger of
Nuveen and Charterhouse into Fairway Diversified Income and Growth
Trust, a product also managed by JovFunds.
2. Authority to terminate: Charterhouse: To approve an amendment to the
articles of incorporation of Charterhouse to permit the termination
of the corporation at any time if so determined by the board of
directors to be in the best interest of the shareholders.
"We consider these proposals to be in the best interest of the preferred
shareholders of Charterhouse and the unitholders of Nuveen," said
KevinBeatson, President and Chief Executive Officer of Charterhouse PSI
Management Corporation, and Chief Operating Officer of JovFunds. "The merger of
Charterhouse and Nuveen into the Fairway Diversified Income and Growth Trust in
particular makes sense due to the resulting economies of scale, and the reduced
expenses for investors."
About JovFunds Management Inc. (www.jovfunds.com)
JovFunds provides innovative investment solutions for Canadians through the
creation, distribution and management of high quality investment products.
JovFunds manages and distributes in excess of $1.8 billion in client assets and
is a member of the Jovian Capital Corporation group of companies.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial service
firms specializing in wealth* and asset(xx) management. The Jovian group of
companies operates as a national financial services organization with
approximately $15.0 billion of client assets ($5.8 billion in assets under
management and $9.2 billion in assets under administration).
Certain statements contained in this news release may include forward-looking
information with respect to operations and future financial results. Such
statements are based on current expectations, are subject to a number of
uncertainties and risks, and actual results may differ materially from those
contained in such statements.
*Wealth management entities include MGI Securities Inc., MGI Securities
(USA) Inc. and Rice Financial Group Inc. (xx)Asset management entities
include BetaPro Management Inc., Horizons Funds Inc., JovFunds
Management Inc., JovFunds Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc. and T.E. Wealth. Financial corporate service
entities include Felcom Data Services Inc.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Additional information relating to Jovian is available at www.sedar.com and
For further information: Don Sangster, Investor Relations, Jovian Capital
Corporation, (416) 933-5744
CO: Jovian Capital Corporation
NI: FIN FND FLOWS
-0- Jun/16/2008 22:30 GMT
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