NOTICE TO UNITHOLDERS OF: STONE COVERED CALL CANADIAN BANKS PLUS FUND STONE DIVIDEND YIELD HOG FUND STONE DIVIDEND GROWTH CLASS STONE GLOBAL BALANCED FUND
Redesignation of Units of the Funds
Stone Asset Management Limited (the “Manager” or “Stone”), in its capacity as manager and trustee of Stone Covered Call Canadian Banks Plus Fund, Stone Dividend Yield Hog Fund, Stone Dividend Growth Class and Stone Global Balanced Fund (collectively, the “Funds” or individually a “Fund”) is providing notice that as of June 16, 2023, the following Series of units of the Funds will be redesignated as follows based on the applicable Series net asset value per unit of the two Series of units of the applicable Fund on June 16, 2023 (the “Series Redesignation”):
|CURRENT SERIES||REDESIGNATED SERIES|
|STONE COVERED CALL CANADIAN BANKS PLUS FUND||A||LL||STONE COVERED CALL CANADIAN BANKS PLUS FUND||A||FE|
|STONE DIVIDEND YIELD HOG FUND||A||LL||STONE DIVIDEND YIELD HOG FUND||A||FE|
|STONE DIVIDEND GROWTH CLASS||T8C||LL||STONE DIVIDEND GROWTH CLASS||T8A||FE|
|STONE GLOBAL BALANCED FUND||BB||DSC||STONE GLOBAL BALANCED FUND||AA||FE|
*Purchase options require you to pay different fees and affect the amount of compensation your Dealer or Advisor receive. Low Load (“LL”), Deferred Sales Charge (“DSC”), and Front‐End (“FE”). These Series Redesignations will not increase your fees.
You will not be required to pay any redemption fees, sales charges or other fund fees associated with the Series Redesignations. Unitholders should consult their own financial advisors for advice about their specific circumstances.
We believe that the Series Redesignation’s are in the best interests of the existing unitholders. Management fees are either the same or lower in the Redesignated Series. Some unitholders will experience an annualized management fee decrease of 0.50% as a result of the Series Redesignations.
Do I need to do anything?
No. The Series Redesignation will occur automatically on June 16, 2023. There is no action required on your part.
How does this affect my investment?
After the Series Redesignation, you:
• will continue to hold units of the same Fund as you currently hold with the same underlying pool of assets, investment objectives, investment strategies and valuation procedures;
• will receive units having the same aggregate market value and cost as the units you currently hold;
• will continue to have the same rights as a unitholder as you did prior to the redesignation; and
• will not experience any increase in management fees or charges due to the Series Redesignation.
The Series Redesignation will not result in a disposition of securities for tax purposes since you are holding the same Fund immediately after the Series Redesignation.
We thank you for entrusting your money with us and look forward to continuing to be of service to you, working with your financial advisor to provide investment solutions for your portfolio. If you have any questions, please contact your financial advisor or Marco Drumonde at 647-245-2047 or firstname.lastname@example.org.
STONE ASSET MANAGEMENT LIMITED