Jovian Capital Corp. and subsidiaries Leon Frazer & Associates Inc., Accumulus Management Ltd. and Gibraltar Consulting Group today announced the RBC IA Leon Frazer Yield Deposit Notes Series 3 and 4 have been closed for sale after successfully reaching approximately $70 million in sales.

The 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 & Associates Inc. The equity portion will have similar investment objectives to the IA Canadian Conservative Equity Fund.

The Series 3 notes provide monthly coupons equivalent to 100% of the distributions received on the equity and income trust sub-portfolios. The Series 4 (Return of Capital Series) notes 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.

Raj Lala, president of Jovian subsidiary Gibraltar Consulting Group, said, “We are very pleased with the sales of the RBC IA Leon Frazer Yield Deposit Notes Series 3 and 4. We would like to thank RBC for its excellent handling of the structural aspects of the Notes and for its active contribution in marketing the notes, IA-Clarington for its active contribution in marketing the notes, and the dealer community for their continued support.”