Stone Agribusiness Fund

Stone Agribusiness Fund

February 29, 2008 12:21 ET

Stone Agribusiness Fund Files Final Prospectus for Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Feb. 29, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Stone & Co. Limited, on behalf of the Stone Agribusiness Fund (the "Fund"), is pleased to announce that the Fund has filed and received a receipt from the securities regulators of all the Canadian provinces and territories for its final prospectus dated February 28, 2008, for an initial public offering of up to 7,500,000 units of the Fund at a price of $10.00 per unit. Each unit consists of one redeemable, transferable trust unit ("Trust Unit") and a Trust Unit purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Trust Unit at a subscription price of $10.00 only on February 26, 2010. It is anticipated that the closing of the offering will be on or about March 19, 2008.

The Fund has been created to offer investors an opportunity to participate in the growth of the global agriculture sector, as well as sectors indirectly involved in the business of agriculture supply. The Fund's investment objective is to provide holders of Trust Units with long term capital appreciation through:

(a) an actively managed, diversified portfolio comprised primarily of publicly-listed securities of issuers that provide exposure to the agriculture sector including food production, such as grains, livestock and fish, agriculture equipment and sales, fertilizers, seed and specialty chemicals and agriculture infrastructure that includes water, energy and alternative energy, transportation, agriculture technology and biotechnology related to the agribusiness; and

(b) exposure to the agriculture commodities that comprise the Rogers International Agriculture Commodity Index® (the "RICI®-A").

The offering is made by a syndicate of agents led by National Bank Financial Inc. and CIBC World Markets Inc. and including BMO Capital Markets, Research Capital Corporation, Scotia Capital Inc., TD Securities Inc., Canaccord Adams, Wellington West Capital Inc., Berkshire Securities Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Burgeonvest Securities Ltd., IPC Securities Corporation and Richardson Partners Financial Ltd.

Stone Asset Management Limited, the investment advisor of the Fund, and Stone & Co. Limited, the promoter and administrator of the Fund, manage and administer a family of open-ended mutual funds, a series of flow-through limited partnerships and a TSX listed closed end investment fund. Stone Asset Management Limited currently has assets under administration of approximately $834 million.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This offering is made by prospectus only and copies thereof may be obtained from any of the dealers listed above as may lawfully offer these securities in such province or territory. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.

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