Stone & Co. Limited

Stone & Co. Limited

July 07, 2008 15:04 ET

Stone & Co. Longevity Global Dividend Fund Ceases Distribution

TORONTO, ONTARIO--(Marketwire - July 7, 2008) - Stone & Co. Limited ("Stone"), as agent of the manager of the Stone & Co. Longevity Global Dividend Fund (the "Fund"), announced today that effective the close of business July 7, 2008 it is ceasing distribution of units of the Fund. Stone has determined that since the assets of the Fund have not grown significantly it is not cost effective to continue to offer the Fund. As a result, the Fund will be terminated on or about October 10, 2008, following 90 days' written notice to existing unitholders of the Fund.

Existing unitholders of the Fund may switch to another Stone & Co. mutual fund, or redeem their units. Unitholders who purchased units under the deferred sales charge option and switch to another Stone & Co. mutual fund will continue under the same deferred sales charge schedule for those new units. On or about October 10, 2008, the Fund will take steps to purchase for cancellation any remaining units of the Fund, following which Stone will provide notice to the securities regulators regarding the termination of the Fund.

About Stone & Co. Limited:

Stone & Co. Limited ("Stone") is a subsidiary of Stone Investment Group Limited, an independent wealth management company that structures and manages high-quality investment products for Canadian investors. Stone manages a family of open-ended mutual funds, a series of flow-through limited partnerships and two TSX-listed closed end investment funds.

Contact Information