TMCnet News
Marquest Asset Management Inc. Announces Sale of Mutual Funds to Stone Investment Group LimitedMarquest Asset Management Inc. ("Marquest") and Stone Investment Group Limited ("Stone") are pleased to announce that the firms have entered into a binding agreement for Stone to acquire the management contracts of certain of Marquest's retail mutual funds, as listed below:
Marquest Monthly Pay Fund (collectively, the "Funds"). The transaction is expected to close on August 31, 2018, subject to the receipt of regulatory and securityholder approvals. An information circular will be mailed to securityholders of the Fund in the near future. "Stone could not be more excited about this acquisition because many of these Funds are an excellent complement to our firm's Pure Total Return® and Pure Growth® mandates," said Stone Founder and Chief Executive Officer, Richard Stone. "Through our firm's disciplined investment process, we can create additional value for investors and advisors by expanding Stone's fund family within a framework that aligns with our values and expertise."
About Marquest Asset Management Inc.
About Stone Investment Group Limited 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.
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