“We are excited to welcome Stone, its clients and investment professionals to our growing asset management platform at Starlight Capital. Stone has a long history of generating strong risk-adjusted returns for its clients, and we are one of the largest investors in Canada. We look forward to continuing that success with the shared vision of developing a leading independent investment manager focused on helping investors realize their financial goals,” said Denise Mitchell, Starlight Capital’s Chief Executive Officer and Chief Investment Officer. Explained. “We look forward to working with Richard Stone and his team to continue to provide exemplary investment management services for our collective clients.”
The Board has appointed, among other things, WD Capital Markets Inc. considered an opinion of the Company that the consideration per common share to be received by the shareholders is justified in making its unanimous determination and recommendation from the financial point of view.
The purchase has received unanimous approval from the Stone board of directors, as well as support from shareholders, who own more than 65 percent of the company’s common stock.
Richard Stone, President and CEO of Stone, commented: “Stone and Starlight products are very complementary and the combination of these two businesses will result in significant scale savings that will benefit both investors and advisors.
“Starlight Capital has the necessary people, infrastructure and balance sheet resources to ensure that investors in Stone Fund continue to enjoy best-in-class stewardship on their capital, and we are excited to join the Starlight Capital team.” Huh.”
