Deal strengthens Jovian’s position in the ETF business
Company looking to expand ETF business through organic growth, acquisitions
Company partners with UM Financial
JovFunds terminates CMDF management contracts
Board vacancy will remain until next meeting of shareholders
Jovian Capital Corp. is proceeding with the proposed consolidation of its common shares and has set April 29, 2009, as the effective date, the company said Monday.Shareholders voted to approve the consolidation on March 5.The Jovian board of directors has set a consolidation ratio of 20 old common shares for one new common share. Jovian […]
Syndicate agents for the initial public offering of the Horizons AlphaPro Gartman Fund have exercised the over-allotment option for an additional 265,000 Class A units of the fund, Jovian Capital Corp. said Wednesday.In total, the fund has issued approximately 5.8 million Class A and Class F units, for gross proceeds of approximately $58 million. The […]
The arrangement agreement between Allen-Vanguard Corp. and Tailwind Financial Inc., a special purpose acquisition company in which Jovian Capital Corp. has an indirect interest, will not be pursued, Jovian said Monday.Jovian subsidiary JovFunds Management Inc. owns 44% of Parkwood Holdings Ltd., which has an indirect interest in Tailwind. JovFunds’ total investment in Tailwind, including directly-held […]
Jovian Capital Corp. said Friday that Edco Capital Corp., a company controlled by N. Murray Edwards, has agreed to extend Jovian’s $15 million credit facility from December 2009 to April 2011.Jovian has agreed to pay an interest rate of 12% commencing April 1, 2009, and 14% commencing April 1, 2010. Jovian will issue to the […]
Company partners with Financial Management Group to expand network