TORONTO, Nov. 30, 2011 /CNW/ - AGF Investments Inc. (AGF) today
announced changes to streamline its fund line-up. These changes reflect
AGF's commitment to strategically review its product offerings on an
on-going basis to help deliver world-class investment management
solutions to clients.
AGF Canadian Value Fund - Merger
Subject to all necessary approvals, including regulatory and unitholder
approvals, AGF is proposing to merge AGF Canadian Value Fund into AGF
Canadian Stock Fund. If such approvals are obtained, it is expected
the merger will be effective some time in 2012.
The pending merger is driven by a combination of the relatively small
asset size, number of shareholders and low market participation. Prior
to implementing the merger, the Fund will continue to be managed in
accordance with the strategy and objectives set out in the prospectus.
*More detailed information will be sent to unitholders (including
details of the unitholder vote) in early 2012.
AGF Japan Class - Termination
AGF Japan Class will be terminated effective on or about February 3,
2012. Effective today, shares of AGF Japan Class are no longer
available for purchase.
The decision to terminate this Fund was driven by the relatively small
asset size and number of shareholders.
Prior to termination on or about February 3, 2012, shareholders of the
Fund will have the option to switch their investment into any of the
other classes within AGF All World Tax Advantage Group Limited on a
tax-deferred basis, or redeem their shares. On the termination date,
any remaining non-registered shareholders will be redeemed completely,
while the assets of the registered shareholders will be transferred to
AGF Canadian Money Market Fund. Shareholders will not be required to
pay any redemption fees or sales charges.
AGF is encouraging securityholders in AGF Canadian Value Fund and/or AGF
Japan Class to consult with their financial advisor to determine the
solution that best meets their individual investment needs and
*Notwithstanding the receipt of all required approvals, AGF may, in its
discretion, decide not to proceed with or delay the proposed merger for
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment
solutions firms with offices across Canada and subsidiaries around the
world. AGF's products include a diversified family of award-winning
mutual funds, mutual fund wrap programs and pooled funds. AGF also
manages assets on behalf of institutional investors including pension
plans, foundations and endowments as well as for private clients. In
addition, AGF Trust is a complementary business that offers GICs, loans
and mortgages through the financial advisor and mortgage broker
channels. With approximately $47 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.
For further information:
For media inquiries, contact AGF Public Relations & Public Affairs: