Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class announce reorganizations

TORONTO, July 20, 2012 /CNW/ - JovFinancial Solutions Inc. ("JovFinancial"), the manager of  Horizons Advantaged Equity Fund Inc. and Jov Canadian Equity Class of Jov Corporate Funds Ltd. (collectively, the "Funds"), announces that, effective July 31, 2012, T.I.P. Wealth Manager Inc. will cease to act as sub-advisor to the Funds.  Leon Frazer & Associates Inc. ("LFA"), an affiliate of JovFinancial, will continue to act as investment advisor to the Funds.

The lead manager at LFA who will be responsible for the portfolio management of the Funds is Lyle Stein.  Lyle has managed money for over 25 years, including mutual funds investing in a variety of sectors, with emphasis on risk-adjusted returns.  Lyle is a well-known Canadian money manager and frequently appears in the media as a senior officer with LFA.

About JovFinancial Solutions Inc.
JovFinancial is a leading investment fund manager and member of the Jovian Capital Corporation group of companies. JovFinancial offers investors a unique brand of investment products and portfolio solutions that combine competitive fees, strong performance, renowned investment managers and client service excellence. In its first year, JovFinancial has grown to manage in excess of $250 million of client assets. The line-up of quality investment products includes one of Canada's first mutual funds that features a tactical investment approach by investing in exchange traded funds (ETFs).

Grant Rush, President, JovFinancial Solutions, 1-877-273-2156 ext. 7254