Stone Asset Management Limited

Stone Asset Management Limited

December 15, 2011 14:11 ET

Stone Asset Management Limited Announces Portfolio Manager Changes to Stone & Co. Flagship Growth & Income Fund Canada

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2011) - Stone Asset Management Limited ("Stone"), the Manager of Stone & Co. Flagship Growth & Income Fund Canada ("Growth & Income Fund"), is pleased to announce the appointment of Aviva Investors Canada Inc. ("Aviva Investors") as the sub-advisor for the Growth & Income Fund. The fixed income component of the Growth & Income Fund's portfolio will be managed in Canada by Doug MacDonald, President Aviva Investors Canada and Sunil Shah, Lead Portfolio Manager on the strategy.

Aviva Investors replaced Marret Asset Management Inc. effective November 1, 2011.

"What initially attracted us to Aviva Investors was the global coordination, consistency and quality of service across every part of their business. We are very excited to partner with them in Canada," said Richard Stone, Chairman of Stone. "The addition of Aviva Investors to our sub-advisory roster continues our commitment to offering our investors the best in both domestic and global money management."

Doug MacDonald, President Aviva Investors Canada, commented: "We look forward to a long and successful partnership with the team at Stone. We will strive to provide their clients with the highest caliber in fixed income management."

Naoum Tabet, Managing Director Institutional at Aviva Investors Canada added: "We believe that our true strength is the successful combination of an experienced investment team on the ground in Canada with Aviva Investors' global expertise and breadth of capabilities."

Amendments to the simplified prospectus and annual information form, each dated October 26, 2011, to reflect the above-noted change were filed with securities regulators.

About Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 16 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of almost $433 billion at 30 June 2011.

About Stone Investment Group Limited

Stone Investment Group Limited is an independent, 100% Canadian-owned fund company, offering the Stone mutual funds, flow-through limited partnerships, and a TSX-listed fund to investors through financial advisors in all provinces and territories of Canada through its wholly-owned subsidiary, Stone Asset Management Limited.

No Aviva Investors affiliate is engaging in or holding itself out as engaging in the business of advising others as to investing in securities or the business of buying or selling securities in any jurisdiction where it is not qualified to do so. This media release is provided for the reader's information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any financial products.

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