Stone & Co. Limited

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

Stone 2006-II Flow-Through Limited Partnership

March 27, 2008 12:59 ET

Stone 2006-II Flow-Through Limited Partnership Completes Rollover Transaction

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - Stone & Co. Limited ("SCL"), the administrator of Stone 2006-II Flow-Through Limited Partnership (the "Partnership") CUSIP#86176X104, 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 Thursday March 20, 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 November 27, 2006 between the Partnership and the Mutual Fund Corporation. On the Rollover Date, the Partnership received 4.5597 Resource Plus Class Shares of the Mutual Fund Corporation for each Unit held based on a net asset value of $15.9653 per Unit and a net asset value of $3.5014 per Resource Plus Class Share. The Partnership had net assets of $6,351,870 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 $851 million in assets under management. Stone Asset Management Limited is the investment advisor of the Mutual Fund Corporation.

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