Stone 2008 Flow-Through Limited Partnership

Stone 2008 Flow-Through Limited Partnership

March 23, 2010 13:55 ET

Stone 2008 Flow-Through Limited Partnership Completes Rollover

TORONTO, ONTARIO--(Marketwire - March 23, 2010) - Stone & Co. Limited ("SCL"), the administrator of Stone 2008 Flow-Through Limited Partnership (the "Partnership"), announced that the Partnership completed the transfer and sale (the "Rollover Transaction") of all of the property and assets of the Partnership on a tax-deferred basis to Stone & Co. Corporate Funds Limited (the "Mutual Fund Corporation") in exchange for Series A Resource Plus Class shares of the Mutual Fund Corporation (the "Resource Plus Class Shares") on Friday March 19, 2010 (the "Rollover Date").

Limited partnership units ("Units") of the Partnership were exchanged on a tax-deferred basis for Resource Plus Class Shares with equal value pursuant to a transfer agreement between the Partnership and the Mutual Fund Corporation. On the Rollover Date, the Partnership received 6.0818 Resource Plus Class Shares of the Mutual Fund Corporation for each Unit held based on a net asset value of $18.0957 per Unit and a net asset value of $2.9754 per Resource Plus Class Share. The capital gains tax liability that would arise upon disposition can be deferred by retaining the Resource Plus Class Shares of the Mutual Fund Corporation.

SCL manages and administers a family of open-ended mutual funds, a series of flow-through limited partnerships and a TSX-listed investment fund. SCL specializes in structuring and managing high quality investment products and currently has approximately $815 million in assets under management. Stone Asset Management Limited is the investment advisor of the Mutual Fund Corporation.

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