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Stone Asset Management Limited Announces Mutual Fund Merger, Canadian Business Journal

Toronto, March 2, 2022 (GLOBE NEWSWIRE) — Fund Trustee and Manager Stone Asset Management Limited today announced the merger of the following funds:

Trust fund integration Continuing trust fund
Stone Global ESG Strategic Fund Stone Global Sustainability Fund

The merger of funds will take effect at or around the end of business on May 6, 2022 (“Merger Date”). Investors who continue to be the investor of the merged trust fund at the end of business on the merger date will automatically become the investor of the continuing trust fund from that date onward.

The manager believes that the merger of this fund will be in the best interests of the investor. The investment objectives of the merged trust fund and the continuing trust fund are similar because they both invest in securities portfolios that meet the ethical and sustainable standards set out in the United Nations Sustainable Development Goals. In addition, continuing trust funds can benefit from a larger asset base and increase opportunities for portfolio diversification. The continuous trust fund has a low series A management fee and the same series F management fee. In addition, the Continuing Trust Fund has the same risk category as the Merged Trust Fund.

A merger of funds is considered a “pre-approved” merger under securities regulations and the Independent Review Board of the Merger Trust Fund (“IRC”) will merge the funds under certain conditions that are met. No unitor approval is required as we have reviewed the manager’s submission to implement it. Includes that the unitholder will receive a written notice of the merger of the Fund at least 60 days in advance. The IRC has considered potential conflicts of interest and views that the merger of funds will achieve fair and rational results for the merged trust fund and its unitholders.

A notice to investors of the Merger Trust Fund was mailed in March 2022. Fund mergers are automatic and not taxable. There is no need to take action on behalf of the investor as a result of this change, and the investor or fund will not pay any fees or charges in connection with the merger of the funds.

Investors in the merged trust fund are advised to consult with a financial adviser on investment options.

About Stone Investment Group Limited (“Stone”)
Stone is an independent wealth management company owned by Canada and the parent company of its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active investment management company, providing investment management services through a unique investment management that is monitored daily by a unique investment process and disciplined execution of investment philosophies. Access to SAM’s investment mandate can be achieved through a family of open-ended mutual funds and private wealth management services. SAM’s expertise ranges from serving individual Canadian investors and working with financial advisors to the complexity of working directly with family offices, endowments and foundations.

At Stone, we want investors to know that they have enough financial resources to live well and sleep well.

Commissions, trailing commissions, management fees and expenses may all be related to investment trust investments. Please read the simplified prospectus before investing. Trusts are not guaranteed, their value changes frequently, and past performance may not be repeated.

contact address:
Jason Stone, Vice President of National Accounts
416 8672533 or 800336 9528
jasons@stoneco.com
www.stoneco.com


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Stone Asset Management Limited Announces Mutual Fund Merger, Canadian Business Journal

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