AGF Master Limited Partnership



    TORONTO, Jan. 21 /CNW/ - The annual cash distribution of partnership
income of AGF Master Limited Partnership (Stock Symbol AFP.UN) for the year
ended December 31, 2007 is as follows:

    
    Rate:                  $0.5553
    Payable Date:          January 30, 2008
    Record Date:           December 31, 2007
    Period of Income:      January 1, 2007 to December 31, 2007
    




For further information:

For further information: Greg Henderson, Director, AGF Partners No. Five
Limited, (416) 367-1900


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