Stone Asset Management Limited

Stone Asset Management Limited

August 23, 2013 11:06 ET

Stone Asset Management Limited Announces Change to Risk Rating for Stone & Co. Growth Industries Fund

TORONTO, ONTARIO--(Marketwired - Aug. 23, 2013) - Stone Asset Management Limited ("Stone"), the manager of the Stone & Co. Growth Industries Fund (the "Growth Industries Fund") announced today that it is changing the risk rating of the Growth Industries Fund. This change will be reflected in the renewal Simplified Prospectus for the Stone Funds.

Following an annual review of all mutual funds under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, Stone has determined that it is appropriate to change the risk rating for the Growth Industries Fund from "high" to "medium to high". No material change has been made to the Growth Industries Fund's investment objectives or strategies.

The methodology used by Stone to identify the investment risk level of each mutual fund within the Stone Group of Funds is available at no cost by calling us at 1‐800‐336‐9528 or by writing to us at clientservices@stoneco.com.

The Growth Industries Fund aims to provide superior capital growth by investing primarily in a diversified portfolio of Canadian equity securities. The fund will invest primarily in a diversified portfolio of securities of Canadian small‐ and mid‐capitalization growth companies.

Stone Asset Management Limited is the investment fund manager and portfolio manager of a family of open‐end mutual funds, a TSX‐listed investment fund and a series of flow‐through limited partnerships. Stone specializes in structuring and managing high quality investment products for Canadian investors.

Certain statements included in this news release constitute forward‐looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to Stone. The forward‐looking statements are not historical facts but reflect Stone's current expectations regarding future results or events. These forward‐looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, the anticipated date of the Meetings. Although Stone believes that the assumptions inherent in the forward‐looking statements are reasonable, forward‐looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Stone undertakes no obligation to update publicly or otherwise revise any forward‐looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Stone Group of Funds, please visit their profiles at www.sedar.com.

Contact Information

  • Stone Asset Management Limited
    Tanya-Ann Monteiro
    Assistant Vice-President, Internal Sales
    416-607-7384
    tmonteiro@stoneco.com