Deal boosts IA’s distribution, private client management
Labour-sponsored fund appoints new CEO and CFO appointed
Lyle Stein responsible for portfolio management of
Distribution derived from sales of Horizons ETF business, MGI Financial
Transaction brings Jovian’s total interest to 70% of Hahn’s shares
Shareholders will vote on the proposed distribution at a special meeting April 16
$4 per share distribution by way of return of capital
Jovian shares to be delisted
Share purchase will boost BetaPro’s equity holdings to 50%
After selling a clutch of businesses, Jovian will have about $117 million in capital to explore prospective new investments