Spartan Fund Management Inc. Announces Termination of StoneCastle Cannabis Growth Fund

Published: January 24, 2023

Spartan Fund Management Inc. Announces Termination of StoneCastle Cannabis Growth Fund

Spartan Fund Management Inc. announced today that it intends to terminate StoneCastle Cannabis Growth Fund (the “Fund”), effective on or about March 24, 2023 (the “Termination Date”). Effective today, units of the Fund will no longer be available for purchase by new or existing unitholders.

Current unitholders of the Fund are encouraged to contact their investment advisers to discuss their options. At any time before 4:00 PM ET on the Termination Date, unitholders may redeem or switch their units of the Fund into units of the MM Fund, another mutual fund managed by Spartan. Spartan will waive any short-term trading fees and redemption fees charged in connection with redemptions or switches of units of the Fund prior to termination. Spartan will send a notice to each investor in the Fund regarding the termination of the Fund.

Any unitholder that does not redeem or switch their units by the close of business on the Termination Date will receive proceeds equal to their proportionate share of all property and assets of the Fund attributable to the applicable series of units of the Fund owned by that unitholder, which is expected to be the series net asset value per unit on the Termination Date multiplied by the number of units of that series held.

Spartan Fund Management Inc., established in 2006, is a Toronto-based asset manager that specializes in providing, through pooled funds, a broad selection of alternative investment solutions that meet a variety of investment needs. We believe that niche, non-conventional investment strategies tend to outperform more traditional strategies and/or add needed diversity. To find out more, please visit www.spartanfunds.ca

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