Press Releases

Stone Investment Group Limited Reports Third Quarter Results

TORONTO – August 24, 2020 – Stone Investment Group Limited released its unaudited financial results for the quarter ended June 30, 2020.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited

Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Mutual Fund Risk Rating Changes

Toronto (May 27, 2020) – Stone Asset Management Limited (“SAM”), the investment fund manager and portfolio manager of the Stone Mutual Funds, announced today the changes to the risk ratings of some of the Funds as set out below:


FUND PREVIOUS RATING NEW RATING
Stone Covered Call Canadian Banks Plus Fund Low to medium Medium
Stone Global Sustainability Fund (formerly Stone EuroPlus Fund) Medium Low to medium

The methodology used by SAM to identify the investment risk level of each Fund within the Stone Mutual Funds is in accordance with the standardized Risk Classification Methodology mandated by the Canadian Securities Administrator.  SAM reviews the risk rating for each Fund at a minimum on an annual basis, as well as when a Fund undergoes a material change.

The new risk rating for the Stone Covered Call Canadian Banks Plus Fund is a result of an annual review.

The new risk rating for the Stone Global Sustainability Fund (formerly Stone EuroPlus Fund) is a result of a change in the fundamental investment objectives and strategies that came into effect on January 1, 2020.

A summary of this methodology and the fundamental investment objectives and strategies of each Fund can be found in the Fund’s prospectus, which is expected to become available on or about June 30, 2020.

About SAM

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, a pooled fund, 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 Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Investment Group Limited Reports Second Quarter Results

TORONTO – May 27, 2020 – Stone Investment Group Limited released its unaudited financial results for the quarter ended March 31, 2020.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited

Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Business Continuity Update

To Our Valued Clients and Partners,

As we enter the new reality created by COVID-19 (coronavirus) and its continued impact on the global community, I am writing to personally update you on the measures Stone is taking to ensure our business continuity.

In keeping with the most recent guidance from the World Health Organization, Stone has enacted our Business Continuity Plan, with special consideration given to the implications of COVID-19.  In this current environment, the well-being of our employees, clients and partners is our primary focus and social distancing will be of paramount importance.

Effective Monday March 16, all Stone employees will be working remotely and leveraging our technology platforms to communicate virtually. Our Toronto office will remain closed until further notice. Rest assured our remote working policies have been rigorously tested and we are confident we can continue to support our business functions and provide exemplary customer service with minimal disruption.

I am sharing this link to a comprehensive overview of the realities of COVID-19 which has provided our management team with great insight. As this is a very fluid situation, we will continue to provide regular updates by email as events unfold.

At present we are thankful that the entire Stone team is well, and we remain available for your questions and feedback. We welcome discussions and sharing of information as we navigate this challenging environment together.

We thank you for your continued support and we wish you and your loved ones good health in the coming weeks.

Sincerely,

Richard G. Stone, CEO


Stone Investment Group Limited Reports First Quarter Results

TORONTO – February 28, 2020 – Stone Investment Group Limited released its unaudited financial results for the quarter ended December 31, 2019.

The full interim financial statements for the period, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited

Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Investment Group Limited Reports Annual Results

TORONTO, Dec. 13, 2019 (GLOBE NEWSWIRE) — Stone Investment Group Limited released its audited financial results for the year ended September 30, 2019.

The full financial statements for the year, including Management’s Discussion and Analysis, are available on SEDAR at www.SEDAR.com.

About Stone Investment Group Limited
Stone Investment Group Limited is an independent wealth management company.  Stone Investment Group Limited, through its wholly owned subsidiary, Stone Asset Management Limited, structures and manages high quality investment products for Canadian investors.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Securityholder Approval of Changes to Stone Global Strategy Fund

Toronto (December 4, 2019) – Stone Asset Management Limited (“SAM”), the investment fund manager and portfolio manager of Stone Global Strategy Fund (the “Fund”), today announced at an Adjourned Special Meeting that securityholders of the Fund have approved changes to the Fund’s fundamental investment objectives, and a change of Fund name to Stone Global ESG Strategy Fund. A summary of the changes is as follows:

 

Fund name Current investment objective New investment objective
Stone Global Strategy Fund The investment objective of the Fund is to provide investors with monthly cash distributions and to preserve and enhance the net asset value of the Fund against inflation through appreciation, primarily through the purchase of a diversified pool of global large capitalization dividend- yielding equity securities and fixed income securities. The Investment Objective is to provide investors with a global balanced fund that will provide a total return by investing in a portfolio of global stocks and fixed income securities which meet the ESG criteria. This means the Fund will seek to invest in companies whose activities or ways of operating are aligned with sustainable development and therefore support the achievement of the UN Sustainable Development Goals.

 

The changes are effective January 1, 2020. Full particulars of the changes are outlined in a management circular dated October 30, 2019, which is available on SEDAR.

About SAM
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, a pooled fund, 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 Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533 T 800 336 9528 x4429
E jasons@stoneco.com www.stoneco.com


Stone Asset Management Limited Announces Securityholder Approval of Changes to Stone EuroPlus Fund; Stone Global Strategy Fund Special Meeting Adjourned

TORONTO, Nov. 28, 2019 (GLOBE NEWSWIRE) — Stone Asset Management Limited (“SAM”), the investment fund manager and portfolio manager of Stone EuroPlus Fund (the “Fund”), today announced that securityholders of the Fund have approved changes to the Fund’s fundamental investment objectives and the accompanying amendments including revising the current Performance Benchmark to reflect the changes, the commencement of a new measurement period for the Fund against the revised Performance Benchmark effective upon such change, for the calculation of a performance fee earned if any, and a change of Fund name to Stone Global Sustainability Fund.  A summary of the changes is as follows:

Fund name     Current investment objective New investment objective
Stone EuroPlus Fund The investment objective of the Fund is two-fold: (i) to provide a sustainable stream of income; and (ii) to provide long-term capital growth.  The Fund will invest primarily in equity securities of companies in Europe and other developed countries around the world.  The Fund will generally have significant investment in European markets.  There is no restriction on the economic sectors or geographic areas in which the Fund may invest. To provide a “total return” by investing in a portfolio of global stocks which meet ethical and sustainability criteria.  This means the Fund will seek to invest in companies whose activities or ways of operating are aligned with sustainable development and, therefore, support the achievement of the UN Sustainable Development Goals.  These companies have strong policies and practices with regard to environmental, social and governance issues.

 

Change of Performance Benchmark

With a new global exposure for the Fund under the proposed investment objective, the existing Performance Benchmark will no longer be an appropriate measure.  The change in Performance Benchmark will be as follows:

Existing Benchmark Proposed Benchmark
Morningstar® Developed Markets Europe Index Morningstar® Global Markets

The changes are effective January 1, 2020.

SAM, the investment fund manager and portfolio manager of Stone Global Strategy Fund, today announced that the special meeting of securityholders of the Stone Global Strategy Fund scheduled on November 27, 2019 was adjourned due to lack of quorum.  The adjourned meeting will be held at 11:00 am (Toronto time) on Wednesday, December 4, 2019 at Miller Thomson LLP, 40 King Street West, 58th Floor, Toronto, Ontario.  The record date remains the same for the adjourned meeting as described in the Notice of Special Meetings previously sent to securityholders.  At the adjourned meeting, quorum will consist of securityholders of the Stone Global Strategy Fund present in person or by proxy.

Full particulars of the changes are outlined in a management circular dated October 30, 2019 which is available on SEDAR.

About SAM
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, a pooled fund, 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 Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

For more information:
Stone Investment Group Limited
Jason Stone
Investor Relations
T 416 867 2533  T 800 336 9528 x4429
E jasons@stoneco.com  www.stoneco.com


Stone Asset Management Limited Announces Termination of Two Stone Funds  

TORONTO — November 1, 2019 — Stone Asset Management Limited (“SAM”), the Trustee and Manager of the Funds, recently announced plans to terminate operations of two retail mutual funds. The terminations  will occur on or about January 10, 2020 (the “Termination Date”) for the following Funds:

Stone Select Growth Class
Stone Small Companies Fund
(collectively, the “Funds”)

The decision to terminate was made in consideration of each Fund’s small asset size, limited demand from new investors and high fund operating expenses borne by investors making it uneconomic to fulfill the Fund’s objective.

“Our investment management philosophy at SAM is rooted in integrity and always doing the right thing for investors,” said Founder and Chief Investment Officer, Richard Stone. “Terminating  these funds streamlines our fund lineup and saves on operating costs, which ultimately benefits our investors.”

Effective immediately, securities of the Funds will no longer be available for purchase.

A notice will be sent to investors regarding the termination in the first week of November 2019. Prior to the Termination Date, investors  have the option to switch their securities to another Stone Fund, transfer in cash to another institution, or redeem their securities.  Redemption fees and short-term trading fees will be waived or reimbursed on all redemption or switch transactions.

Investors in these Funds are encouraged to speak to their Financial Advisor regarding their investment options and to determine any tax implications associated with redeeming securities of the Funds.

About Stone
Stone Investment Group Limited is an independent, Canadian-owned wealth management company and the parent company to its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active asset manager, providing 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, a pooled fund, 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 Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact:
Jason Stone, Vice President National Accounts
1 800 336 9528 x4429
jasons@stoneco.com


Stone Asset Management Limited Announces Completion of Mutual Fund Mergers

TORONTO, Oct. 09, 2019 (GLOBE NEWSWIRE) — Stone Asset Management Limited, the Trustee and Manager of the Mutual Funds, today confirmed the completion of the previously announced mergers for the following Mutual Funds:

Merging Corporate Fund Continuing Trust Fund
Stone American Dividend Growth Fund (Corporate Class) Stone American Dividend Growth Fund
Stone Covered Call Canadian Banks Plus Fund (Corporate Class) Stone Covered Call Canadian Banks Plus Fund

 

The Mutual Fund Mergers were effective October 4, 2019. The move to merge the Mutual Funds that share similar equity holdings was completed in order to help to improve cost efficiencies. Additionally, the Continuing Trust Funds will benefit from larger asset bases, allowing for increased portfolio diversification opportunities.  The Mutual Fund Mergers qualified as “pre-approved” mergers under securities legislation and were not subject to any securityholder approval.

About Stone
Stone Investment Group Limited is an independent, Canadian-owned wealth management company and the parent company to its wholly owned subsidiary, Stone Asset Management Limited (“SAM”). SAM is an active asset manager, providing 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, a pooled fund, 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 Stone, we want our investors to sleep well, knowing they’ll have the financial resources to live well.

Contact:
Jason Stone, Vice President National Accounts
1 800 336 9528 x4429, jasons@stoneco.com

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.