Stone & Co. Limited

Stone & Co. Limited

August 19, 2005 17:08 ET

Stone 2003 Flow-Through Limited Partnership Announces Special Meeting of Limited Partners to Approve Sale of Assets and Dissolution

TORONTO, ONTARIO--(CCNMatthews - Aug. 19, 2005) - Stone Flow-Through 2003 GP Inc, the general partner of Stone 2003 Flow-Through Limited Partnership (the "Partnership"), announces that a Special Meeting of limited partners of the Partnership ("Limited Partners") is set for September 9, 2005 at 10:45 a.m. (Toronto Time) at the offices of Cassels Brock & Blackwell LLP, 40 King Street West, Suite 2100 in Toronto, Ontario. At the Special Meeting, Limited Partners will vote, among other things, on the transfer of all of the Partnership's assets (excluding cash) to Stone & Co. Corporate Funds Limited (a mutual fund corporation) in consideration for the issuance of Series A shares of Stone & Co. Resource Plus Class, and the subsequent dissolution of the Partnership.

Stone & Co. Resource Plus Class was created in July 2005 and is a member of the Stone Funds, a group of eight mutual funds with assets of approximately $300 million, managed by Stone & Co. Limited.

The net asset value of the Partnership at the close of business on August 18, 2005 was $17,105,900 resulting in $25.06 per limited partnership unit of the Partnership.

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