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Stone Asset Management Limited Announces Completion of Mutual Fund Mergers

TORONTO, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Stone Asset Management Limited, the Trustee and Manager of the Mutual Funds, today confirmed the completion of the previously announced mergers for the following Mutual Funds:

Merging Corporate FundContinuing Trust Fund
Stone American Dividend Growth Fund (Corporate Class)Stone American Dividend Growth Fund
Stone Covered Call Canadian Banks Plus Fund (Corporate Class)Stone Covered Call Canadian Banks Plus Fund

The Mutual Fund Mergers were effective October 4, 2019. The move to merge the Mutual Funds that share similar equity holdings was completed in order to help to improve cost efficiencies. Additionally, the Continuing Trust Funds will benefit from larger asset bases, allowing for increased portfolio diversification opportunities.  The Mutual Fund Mergers qualified as “pre-approved” mergers under securities legislation and were not subject to any securityholder approval.

About Stone
Stone Investment Group Limited is an independent, Canadian-owned wealth management company and the parent company to its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active asset manager, providing investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open-ended mutual funds, a pooled fund, and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations.

At Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact:
Jason Stone, Vice President National Accounts
1 800 336 9528 x4429, jasons@stoneco.com 

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