The exchange of preferred shares of Charterhouse Preferred Share Index Corp. for Class A units of Jov Leon Frazer Preferred Equity Fund was completed at the close of business on Jan. 30, JovFunds Management Inc. said Monday.

Preferred shareholders of Charterhouse will receive 1.70389 units of the Class A units of the fund for each preferred share of the corporation held as at Jan. 30.

In connection with the merger, Charterhouse was delisted from the Toronto Stock Exchange on
Jan. 23.

Units of the Fund are valued daily and may be transacted via the FundSERV Network beginning Feb. 02.

IE