Stone & Co. Limited

Stone & Co. Limited
Stone 2006 Flow-Through Limited Partnership

Stone 2006 Flow-Through Limited Partnership

March 20, 2008 16:44 ET

Stone 2006 Flow-Through Limited Partnership Completes Rollover Transaction

TORONTO, ONTARIO--(Marketwire - March 20, 2008) - Stone & Co. Limited ("SCL"), the administrator of Stone 2006 Flow-Through Limited Partnership (the "Partnership") CUSIP#86176U100, 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 14, 2008 (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 dated January 30, 2006 between the Partnership and the Mutual Fund Corporation. On the Rollover Date, the Partnership received 4.801 Resource Plus Class Shares of the Mutual Fund Corporation for each Unit held based on a net asset value of $17.6226 per Unit and a net asset value of $3.6706 per Resource Plus Class Share. The Partnership had net assets of $22,445,401.30 at the time of the transfer. 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 two TSX listed closed-end investment funds. SCL specializes in structuring and managing high quality investment products and currently has approximately $834 million in assets under management. Stone Asset Management Limited is the investment advisor of the Mutual Fund Corporation.

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