Stone Total Return Unit Trust
TSX : SG.UN

Stone Total Return Unit Trust

March 26, 2009 17:19 ET

Wind-Up Proposal for Stone Total Return Unit Trust

TORONTO, ONTARIO--(Marketwire - March 26, 2009) -

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Stone Asset Management Limited ("Stone"), the manager of Stone Total Return Unit Trust ("the Trust") (TSX:SG.UN), announced today that it has resolved to call a special meeting of the Trust to be held on May 26, 2009 at which unitholders of the Trust ("Unitholders") will be asked to vote upon a special resolution to approve the wind-up of the Trust.

Details of the proposed wind-up will be outlined in a management information circular which will be mailed to Unitholders and filed on SEDAR. The wind-up of the Trust, anticipated for June, 2009, remains subject to receipt of all necessary regulatory approvals. In the interim, the Trust's monthly distributions will be maintained.

As a result of the Trust's net asset value, Stone believes that it is in the best interest of Unitholders to wind-up the Trust since it is not economical to Unitholders to continue to operate the Trust. Subject to Unitholder approval, the Trust will liquidate its assets and the proceeds of such liquidation, net of any of the Trust's obligations, will be distributed to Unitholders as soon as practicable following the wind-up.

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