The securities of Charterhouse Preferred Share Index Corp. will be delisted from the Toronto Stock Exchange at the close of business on Jan. 23 so that the merger of the corporation into Jov Leon Frazer Preferred Equity Fund may proceed, JovFunds Management Inc. announced Monday.
The proposed merger was previously announced on Nov. 12, 2008. Jov Leon Frazer Preferred Equity Fund is a newly created open-end mutual fund trust.
Subject to regulatory approval, the merger will occur at the close of business on or about Jan. 30, at a ratio based on the net asset value of the preferred shares of the corporation on Jan 30, and $10, 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 Feb. 2.
JovFunds manages and distributes in excess of $2.5 billion in client assets and is wholly owned by Jovian Capital Corp.
IE
Charterhouse Preferred Share Index Corp. to merge into Jov Leon Frazer Preferred Equity Fund
- By: IE Staff
- January 20, 2009 January 20, 2009
- 08:50
IE Staff