10:00 AM EST - Jovian Capital Corporation : announced that its Board of Directors has declared a special dividend of $3.00 per common share. This dividend is derived from proceeds realized from the sale by Jovian of MGI Financial Inc. on October 5, 2011, and the Horizons ETFs business on November 14, 2011, and coincides with the release of certain funds from escrow and a reduction in Jovian's potential indemnification liabilities with respect to the Horizons ETFs transaction. After payment of this dividend, Jovian will remain well-capitalized with approximately $35 million of working capital. Jovian Capital Corporation
shares T.JOV are trading up $0.15 at $8.50.
