Jovian Capital Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported revenues of CAD 12,622,000 compared to CAD 13,236,000 a year ago. Adjusted LBITDA from continuing operations was CAD 1,310,000 compared to CAD 11,514,000 a year ago. LBITDA from continuing operations was CAD 1,310,000 compared to CAD 11,802,000 a year ago. Loss from continuing operations was CAD 1,764,000 or CAD 0.19 per basic and diluted share compared to CAD 7,294,000 or CAD 0.86 per basic and diluted share a year ago. Loss for the period was CAD 1,764,000 or CAD 0.19 per diluted share compared to earnings for the period of CAD 57,096,000 or CAD 6.58 per diluted share a year ago. For the nine months, the company reported revenues of CAD 38,298,000 compared to CAD 34,928,000 a year ago. Adjusted LBITDA from continuing operations was CAD 2,943,000 compared to CAD 14,152000 a year ago. LBITDA from continuing operations was CAD 2,943,000 compared to CAD 14,798,000 a year ago. Loss from continuing operations was CAD 5,701,000 or CAD 0.60 per basic and diluted share compared to CAD 12,382,000 or CAD 1.44 per basic and diluted share a year ago. Loss for the period was CAD 5,701,000 or CAD 0.60 per diluted share compared to earnings for the period of CAD 48,433,000 or CAD 5.67 per diluted share a year ago. The increase in revenue was primarily attributable to: an increase in principal trading revenues in the wealth management segment to $0.2 million from negative $4.9 million in the comparable period, including unrealized gains on broker warrants of $1.2 million for the current period versus unrealized losses of $8.9 million in the comparable period; and, increased assets under management (AUM) and related fees for Jovian's asset management segment. Partially offsetting this increase were reductions in brokerage commissions and investment banking revenues, both in Jovian's wealth management segment, reflecting lower market trading volumes. The company issued a special dividend of $3.00 per common share using proceeds received from the sale of Jovian's mutual fund dealer subsidiary MGI Financial Inc. (MFI) and its Exchange Traded Fund (ETF) business, transactions that were completed in fiscal 2012. The special dividend coincided with the release of certain funds Jovian received from the sale of its ETF business but which had been held in escrow.

Jovian Capital Corporation announced that its Board of Directors has declared a special dividend of $3.00 per common share. The record date for the special dividend has been set at November 28, 2012, and the payment of the special distribution is expected to occur on December 13, 2012.

Jovian Capital Corporation reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, Revenue was CAD 12.1 million, a 27% increase from the CAD 9.5 million revenue from continuing operations recorded in second quarter fiscal 2012, primarily resulting from a CAD 3.3 million swing in principal trading revenues partially offset by reduced investment banking revenues. Negative EBITDA and Adjusted EBITDA (EBITDA net of share based compensation expense) was CAD 0.7 million versus CAD 3.0 and CAD 2.9 million, respectively, in the comparable quarter in fiscal 2012. Loss from continuing operations of CAD 1.3 million, or CAD 0.13 per diluted share, compared to a loss from continuing operations of CAD 3.6 million, or CAD 0.40 per diluted share, in second quarter fiscal 2012. Net loss was CAD 1.3 million, or CAD 0.13 per diluted share, compared to net loss (including from discontinued operations) of CAD 5.6 million, or CAD 0.62 per share in second quarter fiscal 2012. The increase in revenue for the quarter was largely attributable to improved market conditions, which led to increased assets under management and related fees for Jovian's asset management segment and a large improvement in principal trading revenues for Jovian's wealth management segment. Partially offsetting this increase were reductions in commission and fee revenues due to lower trading volumes and investment banking revenues, both in Jovian's wealth management segment. For the six months, revenue was CAD 25.68 million compared to CAD 21.69 million a year ago. Negative Adjusted EBITDA from continuing operations was CAD 1.63 million compared to CAD 2.64 million a year ago. Negative EBITDA from continuing operations was CAD 1.63 million compared to CAD 3.00 million a year ago. Loss from continuing operations was CAD 3.94 million or CAD 0.41 per basic and diluted share compared to CAD 5.09 million or CAD 0.58 per basic and diluted share a year ago. Loss for the period was CAD 3.94 million or CAD 0.41 per basic and diluted share compared to CAD 8.66 million or CAD 0.95 per basic and diluted share a year ago.