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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (24391)	10/23/2006 4:23:40 PM
From: Condor	Read Replies (1) \| Respond to of 37387

I post these things on JVN but in honesty I have zero idea of the significance of them. Cheers C Jovian introduces CIBC international notes, Series 1 Jovian Capital Corp (C:JVN) Shares Issued 116,977,889 Last Close 10/20/2006 $0.85 Monday October 23 2006 - News Release Mr. Don Sangster reports JOVIAN SUBSIDIARIES ANNOUNCE LAUNCH OF CIBC INTERNATIONAL YIELD DEPOSIT NOTES SERIES 1 Jovian Capital Corp. and its subsidiaries, Jovian Asset Management Inc. and Gibraltar Consulting Group, have launched the CIBC international yield deposit notes, Series 1. The CIBC international yield deposit notes, Series 1, are linked to a portfolio comprising initially of three international funds managed by ABN AMRO Asset Management, including the award-winning ABN AMRO Global Emerging Markets Bond Fund. ABN AMRO Asset Management is owned by ABN AMRO Bank N.V., one of the 20 largest financial institutions in the world. As markets fluctuate, investors can benefit from the dynamic allocation strategy employed by the notes. This strategy is designed to increase exposure to the funds when the funds are experiencing positive performance and decrease exposure to the funds when the funds are experiencing negative performance. The structure of the notes will provide 100-per-cent initial exposure to the funds at issuance, with the potential for 200-per-cent exposure in strong market conditions. The notes will pay 100 per cent of the ordinary distributions on the units of the funds in the portfolio as a quarterly coupon, up to a maximum of 1.5 per cent per quarter of the value of the units of the funds in the portfolio. Any excess is reinvested in the funds. As of Sept. 30, 2006, the funds had a 12-month weighted average annual yield of 6.67 per cent. In addition, a final variable payment representing any growth in the portfolio will be paid to investors at maturity. Raj Lala, managing partner of Jovian Asset Management, says: "We feel this note represents a solid opportunity for those Canadian investors seeking an investment vehicle that can provide them with quarterly yield, principal protection at maturity and, more importantly, potential geographic and sectoral diversification. We are very excited to be collaborating with CIBC and ABN AMRO Asset Management on this note. "ABN AMRO Asset Management has delivered superior returns in these funds. The ABN AMRO Global Emerging Markets Bond Fund -- which constitutes 60 per cent of the note's initial exposure to the funds -- has picked up a number of Lipper, S&P and Morningstar awards in the last two years," adds Mr. Lala. © 2006 Canjex Publishing Ltd.