Jov Prosperity Canadian Equity Fund to Appoint New Sub-Advisor

TORONTO, Oct. 10, 2012 /CNW/ - T.E. Investment Counsel Inc. ("TEIC"), the manager and trustee of the Jov Prosperity Canadian Equity Fund, (the "Fund"), announces that, effective October 9, 2012, McLean Budden Limited will cease to act as sub-advisor to the Fund.  Effective October 10, 2012, Guardian Capital LP will act as sub-advisor to the Fund. McLean Budden Limited will, however, continue to act as sub-advisor to the Jov Prosperity U.S. Equity Fund, for which TEIC is also the manager and trustee.

About Guardian Capital LP (www.guardiancapital.com)
Guardian Capital LP is the institutional investment management firm through which Guardian Capital Group Limited has been managing institutional client assets since 1962. These include defined benefit and defined contribution pension plans, corporate insurance assets, foundations, endowments and third-party mutual funds. Guardian's investment capabilities encompass Canadian, U.S., international and global mandates in equity and fixed income markets, and Canadian Real Estate. Guardian also manages portfolios for retail intermediary clients that include sub-advisory relationships with mutual funds, insurance companies, banking institutions, closed-end funds, separately managed accounts and unified managed accounts.

About T.E. Investment Counsel Inc. (www.tewealth.com)
TEIC provides customized multi-manager, multi-style investment solutions to both high net worth and institutional clients. TEIC currently manages in excess of $2.5 billion for its clients as at June 30, 2012.

SOURCE: T.E. Investment Counsel Inc.

Steven Belchetz - President, T.E. Investment Counsel Inc., 416-640-8556