Jovian Capital Corp. and subsidiaries Jovian Asset Management Inc., Leon Frazer & Associates Inc., Accumulus Management Ltd. and Gibraltar Consulting Group — collectively known as the Jovian Group — announced on Thursday that the RBC IA Leon Frazer Yield Deposit Notes Series 5 and 6 closed for sale after successfully reaching approximately $50,000,000 in sales.

These deposit notes are linked to a portfolio comprised of Canadian equities, Canadian income trusts and potentially bonds in which allocations are based on a dynamic rebalancing strategy.

The equity and income trust sub-portfolios are managed by Leon Frazer. The equity portion will have similar investment objectives to the IA Canadian Conservative Equity Fund. The RBC IA Leon Frazer Yield Deposit Notes Series 5 provide monthly coupons equivalent to 100% of the distributions received on the equity and income trust sub-portfolios.

The RBC IA Leon Frazer Yield Deposit Notes Series 6 (Return of Capital Series) provide monthly partial principal repayments equivalent to 100% of the distributions received on the equity and income trust sub-portfolios. The structure of these notes will provide 100% initial exposure to the equities and income trusts at issuance, with the potential for 200% exposure in strong market conditions.

“We are very pleased with the sales of the RBC IA Leon Frazer Yield Deposit Notes Series 5 and 6. We now have over $130 million in aggregate in Series 1 through 6,” says Raj Lala, spokesman for the Jovian Group. “This resulted from teamwork and partnership amongst all three parties involved: RBC, IA Clarington and the Jovian Group. The notes are a good investment product for those investors seeking principal protection, regular distributions and capital growth potential.”