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Stone Launches Two New PTFs on NEO

Date: April 8, 2021

Return issuer brings attractive investment opportunities to MFDA and IIROC communities

Toronto – April 6, 2021 – NEO is proud to welcome back return issuer Stone Asset Management Limited (“SAM”) with the launch of two new Platform Traded Funds (“PTFsTM”), available exclusively through NEO. Leveraging NEO’s proprietary fund distribution platform, advisors can purchase and redeem PTFs using the same tools as those used for buying and selling ETFs, with the notable difference of all trades being executed at end of day Net Asset Value.

An independently owned investment manager based in Toronto, SAM has made the following two funds available in PTF format to both IIROC and MFDA advisors:

Stone Growth Fund (NEO:SAMGF) – This fund invests in North American companies. It is anticipated that the fund will invest approximately 50% of the portfolio in Canadian securities and 50% in U.S. securities. It will also have the flexibility to increase or decrease geographic exposure from time to time depending on market conditions.

Stone Covered Call Canadian Banks Plus Fund (NEO:SAMCC) – This fund invests in dividend-paying securities in the Canadian financial sector and employs a covered call option writing strategy on certain of those securities.

“Today’s launch by Stone Asset Management Limited is a testament to the growing popularity and demand for Platform Traded Funds, which are available exclusively through NEO,” commented Jos Schmitt, President and CEO of NEO. “The impetus is simple – PTFs address the shortcomings associated with the traditional way of processing mutual funds. They allow fund manufacturers to offer product at a lower operating cost than Series F funds, while giving dealers and their advisors more efficient access and a better experience. We are honoured to provide the platform for SAM to make these investment opportunities available to the advisor community, and we look forward to supporting additional launches in the near future.”

These two new PTFs join the Stone Dividend Growth Class Fund (NEO:SAMDG), which was launched through NEO in September, 2019. With 90 tickers now available from 16 asset managers across multiple asset classes, PTFs on NEO have cumulatively raised over $1.5 billion in assets since their inception.

“We are excited to add our second and third funds to NEO’s innovative platform,” said Richard Stone, Founder and Chief Investment Officer of Stone Asset Management Limited. “Our goal with the launch of the Stone Growth Fund and Stone Covered Call Canadian Banks Plus Fund is to continue expanding investment options under the SAM investment management philosophy, which is rooted in integrity and always doing the right thing for investors, such as offering our funds via the NEO platform. We know this is beneficial based on the positive reception of our first PTF offering by our clients. We look forward to continuing our partnership with NEO as we execute on our strategy to launch future Stone PTFs in the months to come.”

Investors can trade shares of the Stone PTFs through their usual investment channels, including full-service dealers. Click here for a complete view of all PTFs.

About NEO

Founded on the principles of fairness, liquidity, efficiency, and service, NEO is a bold and disruptive capital markets technology firm that has embraced innovation and competition to make Canadian capital markets better. Launched in 2015, the NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data. In 2016, NEO introduced Platform Traded Funds, or PTFsTM, leveraging a proprietary distribution platform to make the purchase and redemption of mutual funds more efficient for dealers, investment advisors, and investors.

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About Stone Asset Management Limited

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-ended mutual funds and Private Wealth Management services. SAM’s expertise ranges from servicing Canada’s retail investors and working with their financial advisors to the complexities of working directly with Family Offices, endowments and foundations. At SAM, we want our investors to sleep well, knowing they’ll have the financial resources to live well.