Stone Asset Management Limited Announces Mutual Fund Risk Rating Changes

TORONT, ONTARIO--(Marketwired - July 27, 2016) - Stone Asset Management Limited ("SAM"), the investment fund manager and portfolio manager of the Stone Mutual Funds, announced today changes to the risk ratings of some of the funds it manages. These changes will be reflected in the renewal Simplified Prospectus and Fund Facts for the Stone Mutual Funds.

Following an annual review of all the Stone 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, SAM has determined that it is appropriate to change the risk ratings as set out below.

No material change has been made to the funds' investment objectives or strategies. Further, no changes were made to the investment time horizon of the funds.

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

About SAM

SAM is a wholly owned subsidiary of Stone Investment Group Limited, an independent Canadian‐owned wealth management company. SAM provides investment management services via distinctive investment mandates, overseen daily by the disciplined execution of a proprietary investment process and investment philosophy. Access to SAM investment mandates can be achieved via a family of open‐end mutual funds, a pooled fund, and Private Wealth Management services. SAM's expertise ranges from servicing Canada's retail investors working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations.