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SAM Starcore International Mines Ltd

0.14
-0.02 (-12.50%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Starcore International Mines Ltd TSX:SAM Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -12.50% 0.14 0.14 0.15 0.145 0.14 0.145 19,000 20:11:16

Stone 2012 Flow-Through Limited Partnership Completes Rollover

10/02/2014 6:22pm

Marketwired Canada


Stone Asset Management Limited ("SAM"), the manager of Stone 2012 Flow-Through
Limited Partnership (the "Partnership"), announced that the Partnership
completed the transfer and sale (the "Rollover Transaction") of all of the
property and assets of the Partnership on a tax-deferred basis to Stone & Co.
Corporate Funds Limited (the "Mutual Fund Corporation") in exchange for Stone &
Co. Resource Plus Class shares (Series A) of the Mutual Fund Corporation (the
"Resource Plus Class Shares") on Friday, February 7, 2014 (the "Rollover Date").


Limited partnership units ("Units") of the Partnership were exchanged on a
tax-deferred basis for Resource Plus Class Shares with equal value pursuant to a
transfer agreement between the Partnership and the Mutual Fund Corporation. On
the Rollover Date, the Partnership received 3.6606 Resource Plus Class Shares of
the Mutual Fund Corporation for each Unit held based on a net asset value of
$11.1871 per Unit and a net asset value of $3.0561 per Resource Plus Class
Share. The capital gains tax liability that would arise upon disposition can be
deferred by retaining the Resource Plus Class Shares of the Mutual Fund
Corporation.


SAM manages a family of open-ended mutual funds, a series of flow-through
limited partnerships and a TSX-listed investment fund. SAM specializes in
structuring and managing high quality investment products and currently has
approximately $781 million in assets under management.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stone Asset Management Limited
Tanya-Ann Monteiro
Assistant Vice-President, Internal Sales
416-607-7384
tmonteiro@stoneco.com

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