Stone Asset Management Limited

Stone Asset Management Limited
Stone Total Return Unit Trust

Stone Total Return Unit Trust

May 26, 2009 16:49 ET

Unitholders Approve Termination of Stone Total Return Unit Trust

TORONTO, ONTARIO--(Marketwire - May 26, 2009) -


Stone Asset Management Limited ("Stone") announces that Unitholders of the Stone Total Return Unit Trust (the "Trust") (TSX:SG.UN) have approved the early termination of the Trust at a special meeting held today. Stone is the trustee, manager and investment advisor of the Trust.

Stone will now begin the process of winding-up the Trust and distributing the net asset value in cash to Unitholders. As part of the wind-up process, Stone expects that the units of the Trust will be de-listed from the Toronto Stock Exchange on or about the close of business on May 28, 2009 or shortly thereafter. The Trust will not be making any further distributions to Unitholders other than a final distribution in connection with the termination of the Trust.

Once the investment portfolio has been liquidated, the assets remaining after the liabilities and obligations of the Trust have been provided for will be distributed to Unitholders as soon as practicable. The Trust intends to terminate on or before June 30, 2009 or such other date as determined by Stone. Stone will provide further updates on timing as the process unfolds.

The Trust was originally created in order to provide Unitholders with tax-advantaged cash distributions from a portfolio of small cap income trusts. Changes to the taxation of income trusts by the federal government have resulted in a significant negative impact on the market for small cap income trusts. Accordingly, Stone determined that winding-up the Trust and returning the net asset value in cash to Unitholders is in the best interest of investors.

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