Sleep well, knowing
you’ll have the financial
resources to live well

Stone Monthly Pay Fund



Fund Details


Fund Type

Canadian Equity and Income Fund

Fund Mandate

Pure Total Return®

Manager

Stone Asset Management Limited

Portfolio Manager

Stone Asset Management Limited

Fund Net Assets

15.0 million

Distribution

For Series A and F: Monthly income and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash. For Series T8A, T8B and T8C: Target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year. Income or return of capital or both monthly and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash.

Inception Date

February 7, 2006

Minimal Initial Investment

$1000 (Series A and F)

Why Invest


  • Seeks to receive dividend and option premium income and seek long-term capital appreciation.
  • The portfolio manager will primarily invest in a portfolio of dividend-paying securities.
  • Employing a covered call option writing strategy on certain of its securities in the Canadian market.Ideal for investor with medium-term investment goals and has a need for monthly income.

Portfolio Managers


Michael Giordano
Michael Giordano, CPA, CA, MBA, CIM
Vice President, Investments
Manager Start Date: 2005
Experience: 21 years of Investment Management
René Fantin
René Fantin, MBA, CFA
Associate Portfolio Manager
Manager Start Date: 2015
Experience: 5 years of Investment Management
Stone Co