PrefBlog

JovFunds Management Inc. has announced:

that the securities of Charterhouse Preferred Share Index Corporation (the “Corporation”) will be delisted from the Toronto Stock Exchange at the close of business on January 23, 2009 so that the merger of the Corporation into a newly created open-end mutual fund trust (the “Merger”), named the Jov Leon Frazer Preferred Equity Fund (the “Fund”), may proceed as previously announced on November 12, 2008.

Subject to regulatory approval, the Merger will occur at the close of business on or about January 30, 2009 (the “Effective Date”), at a ratio based on the net asset value of the preferred shares of the Corporation on the Effective Date, and, $10.00, the starting net asset value of the Series A units of the Fund. Units of the Fund will be valued daily and may be
transacted via the FundSERV Network on or about February 2, 2009.

Their intention to merge has been discussed on PrefBlog. JovFunds and Leon Frazer are both owned by Jovian Capital.

This entry was posted on Monday, January 19th, 2009 at 7:29 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.