Horizons AlphaPro Income Plus Fund Closes $29.5 Million Initial Public
Offering

TORONTO , Dec. 9 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV:TSX) and its subsidiary AlphaPro Management Inc. ("AlphaPro") are pleased to announce the closing of the initial public offering of 2.5 million Class A units and approximately 0.5 million Class F units of the Horizons AlphaPro Income Plus Fund (the "Fund"), for gross proceeds of more than $29.5 million . The Class A units begin trading on the Toronto Stock Exchange ("TSX") today under the symbol HAP.A. The Fund has also granted the agents an over-allotment option to acquire additional Class A units exercisable at any time during the next thirty days. Following the exercise of the over-allotment option, the Class A units will split into Class A trust units and Class A purchase warrants, which will trade separately on the TSX under the symbols HAP.UN and HAP.WT.

The Fund is expected to automatically convert, subject to regulatory approval, into an actively managed exchange traded fund ("ETF") between January 31, 2011 , and May 31, 2011 .

The Fund has been created to provide investors with both semi-annual distributions and the opportunity for capital appreciation in periods of inflation and deflation by tactically allocating its exposure amongst U.S. Treasury bonds and Treasury Inflation-Protected Securities ("TIPs"), commodities and money market securities. The Fund will seek to hedge its foreign currency exposure at all times. Barclays Capital Inc., through its investment advisory unit, Barclays Capital Fund Solutions - Americas ("Barclays"), has been retained by JovInvestment Management Inc. ("JovInvestment"), the portfolio manager of the Fund, to act as the investment sub-advisor of the Fund. Barclays will advise JovInvestment on the tactical allocation of the exposure of the Fund among three asset classes: (i) U.S. Treasury bonds and TIPs; (ii) commodities; and (iii) money market securities.

"We are pleased with the response to our latest offering from Horizons AlphaPro," said Ken McCord, President of AlphaPro. "We are providing Canadians with low cost access to a product benefiting from one of the leading fixed income managers in the world, and, after conversion, the benefits of an actively managed ETF - intraday liquidity and greater tax efficiency than most mutual funds."

Barclays will seek to optimize the Fund's exposure by means of its proprietary, multi-stage allocation methodology, which assesses fundamental and technical factors (including, but not limited to, aggregate supply and demand, global economic growth, price momentum and general market trends).

Investors in each Class of units have received a like number of warrants for the respective Class, which allows them to purchase additional trust units of the same Class at the offering price per unit in any month until January 31, 2011 .

The syndicate of agents for the offerings was co-led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., and included National Bank Financial Inc., Scotia Capital Inc., HSBC Securities ( Canada ) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, GMP Securities L.P., MGI Securities Inc., Blackmont Capital Inc. and Research Capital Corporation.

A copy of the Fund's final prospectus is available from the agents or other investment dealers and is also available on AlphaPro's website www.hapetfs.com.

About AlphaPro Management Inc. (www.hapetfs.com)

AlphaPro is an innovative financial services company specializing in actively managed ETFs with approximately $103 million in assets under management as of November 30, 2009 . AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of leveraged, inverse leveraged and inverse ETFs. BetaPro managed approximately $2.6 billion in assets in the BetaPro ETFs as of November 30, 2009 . BetaPro is a subsidiary of Jovian Capital Corporation.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Exchange Traded Funds Inc., Horizons Funds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages $11.5 billion of client assets ( $6.8 billion in assets under management and $4.7 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com.

About Barclays

Barclays Bank PLC ("Barclays Bank") is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe , the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays Bank operates in over 50 countries and employs approximately 145,000 people. Barclays Bank moves, lends, invests and protects money for more than 49 million customers and clients worldwide. The investment banking division of Barclays Bank operates globally under the name Barclays Capital, and operates in the United States through Barclays Capital Inc. Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital Fund Solutions ("BCFS"), the global asset management business within Barclays Capital, has globally as at October 31, 2009 in excess of US$5.9 billion in investment strategies and customized solutions. Barclays is a newly-formed asset management and investment advisory business in the BCFS global family.

For further information: Ken McCord, President, AlphaPro Management Inc., [phone] or 1-866-641-5739; or Don Sangster, Investor Relations, Jovian Capital Corporation, [phone]; or Philip Armstrong, Chief Executive Officer, Jovian Capital Corporation, [phone]