Stone Asset Management Limited Announces Investment Manager Change for Stone American Dividend Growth Fund and Stone American Dividend Growth Fund (Corporate Class)

TORONTO, Aug. 30, 2019 (GLOBE NEWSWIRE) -- Stone Asset Management Limited ("SAM") announced today that effective September 1, 2019, the Stone American Dividend Growth Fund and Stone American Dividend Growth Fund (Corporate Class) ("the "Funds") will be managed by SAM's in-house portfolio management team. The Funds are currently managed by SEAMARK Asset Management Ltd. ("SEAMARK"), who were the managers at the time of the acquisition of the Funds from Marquest Asset Management Limited in December 2018. Notice of the upcoming manager change was included in the Funds' prospectus and annual information form dated June 28, 2019. The Funds' mandate and all other features and benefits will remain unchanged.

"We thank SEAMARK for their willingness to stay on as manager while SAM completed our due diligence to bring the Funds' management in house," said Richard Stone, SAM's Chief Investment Officer. "During that review, we were impressed by SEAMARK's other service offerings."

Separately, SEAMARK and SAM have entered into an agreement whereby SEAMARK will manage the core fixed income mandate for the accounts on SAM's Separately Managed Accounts (SMA) platform. SEAMARK CEO, Robert McKim commented: "We believe that the SEAMARK core fixed income mandate is an excellent fit for SAM's SMA clients. We welcome the opportunity to work closely with the SAM team, and provide field support for this fixed income mandate."

About SEAMARK
SEAMARK Asset Management has provided investment management services for over 30 years with a focus on preserving and enhancing clients' assets over the long-term. Since its inception in 1982, experienced and accessible investment professionals have followed a team-based process that consistently applies clearly articulated investment principles to meet each client's objectives. SEAMARK offers its services to institutional and private clients across Canada.

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 [email protected]  www.stoneco.com