CIBC AGF Dividend Income Fund Deposit Notes, Series 1, ROC offer monthly
income, growth potential
TORONTO, Sept. 11 /CNW/ - AGF, in partnership with CIBC, today announced
the launch of CIBC AGF Dividend Income Fund Deposit Notes, Series 1, ROC
(Return of Capital) offering investors 100 per cent principal protection at
maturity, monthly income and growth potential.
"We are pleased to partner with CIBC to offer this new
principal-protected product, which builds on the success of the previous
Notes," said AGF Funds Inc. President Randy G. Ambrosie. "As our population
ages and baby boomers plan their retirement, income-generating products like
these Notes continue to grow in popularity."
Earlier this summer, AGF partnered with CIBC to offer several Notes
linked to the performance of the award-winning AGF International Stock Class.
The eight-year, principal-protected Notes provide investors access to
dividend-paying companies by linking to the performance of AGF Dividend Income
Fund, which is managed by Marc-André Robitaille, President of Robitaille Asset
"Linking the Notes to this Fund made good sense, since AGF Dividend
Income Fund is an income-type product with a solid track record," Mr. Ambrosie
The AGF Dividend Income Fund emphasizes total return and enhanced yield
potential, using a growth-at-a-reasonable-price approach to select securities
with strong fundamentals and a history of paying dividends. At the end of July
2007 the Fund, launched in April 2003, had more than $860 million in total net
The Notes will be available for purchase until November 2, 2007 and
mature on November 9, 2015.
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. 2007
marks AGF's 50th anniversary of providing Canadians with innovative investment
solutions across the wealth continuum. AGF's products and services include a
diversified family of more than 50 mutual funds, the evolutionary AGF Elements
portfolios, the Harmony asset management program, AGF Institutional Account
Services, private client products, and AGF Trust GICs, loans and mortgages.
With approximately $54 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".
CIBC is a leading North American financial institution with more than 11
million personal banking and business customers. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.
For further information:
For further information: AGF Communications: Paul Howard, Director,
(416) 865-4345, Paul.Howard@agf.com; Karen Archer, Media Relations Specialist,
(416) 865-4295, Karen.Archer@agf.com