AGF Announces Results of Special Meetings of Securityholders and Risk Rating Change

TORONTO, April 17, 2019 (GLOBE NEWSWIRE) -- Following special securityholder meetings today, AGF Investment Inc. (AGF) announced that the following fund mergers and investment objective changes have been approved:

Fund Mergers

• AGF Flex Asset Allocation Fund into AGF Elements Conservative Portfolio on a tax-deferred basis
• AGF Canadian Growth Equity Fund into AGFiQ Dividend Income Fund on a taxable basis 

The mergers will take effect on or about May 17, 2019.

Investment Objective Changes

• AGF Global Resources Class and AGF Precious Metals Fund

The new investment objective for both funds provides portfolio diversification and long-term capital growth. The funds invest primarily in equities and equity-related securities of companies operating in industries and sectors associated with real assets and located around the world. Real assets include, but are not limited to, infrastructure, energy, precious metals and real estate.

The investment objectives changes will take effect on April 18, 2019.

Name, Strategy and Risk Rating Changes

With the investment objective change approved, AGF Global Resources Class will revise its investment strategies to reflect the shift in investment objective and change its name to AGF Global Real Assets Class on April 18, 2019. With the investment objective approved, AGF Precious Metals Fund will also revise its investment strategies to reflect the shift in investment objective and change its name to AGF Global Real Assets Fund on April 18, 2019.

AGF is also changing the risk rating for AGF Global Real Assets Fund/Class to 'Medium'. The new risk rating will be based on the 10 year standard deviation of a new reference index.

"These changes reflect our ongoing commitment to review our product lineup to ensure we have the right products in place for our clients," said Florence Narine, Senior Vice-President, Head of Product, AGF. "AGF Global Real Assets Fund/Class offers greater diversification and broader reach to deliver a strategy where resources and precious metals can be enhanced across real asset classes, sectors and industries."

ABOUT AGF MANAGEMENT LIMITED

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF's suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With nearly $39.5 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

Media Contact
Amanda Marchment
Director, Corporate Communications
416-865-4160
[email protected]