AGF and CIBC Launch New Series of Popular Principal-Protected Notes:

    CIBC AGF Dividend Income Fund ROC (Return of Capital) Deposit Notes -
    for investors seeking monthly return of capital payments and growth

    TORONTO, Nov. 5 /CNW/ - AGF, in partnership with CIBC, has responded to
ongoing interest from Canadian investors and their financial advisors with the
launch of Series 2 and Series 3 of the CIBC AGF Dividend Income Fund ROC
(Return of Capital) Deposit Notes. The Notes of each Series offer 100%
principal protection if held to maturity, as well as monthly return of capital
payments and growth potential.
    "Principal-protected products like these Deposit Notes continue to gain
favour with Canadian investors," said AGF Funds Inc. President Randy G.
Ambrosie. "These Notes are attractive to investors because they provide the
benefits of investing in dividend-paying companies by linking to the
performance of AGF Dividend Income Fund."
    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
September 2007, the Fund had more than $870 million in total net assets.
    The Series 2 Deposit Notes are available for purchase from November 5,
2007 until December 14, 2007 and will mature in December 2015. The Series 3
Deposit Notes will be available from December 17, 2007 until March 7, 2008 and
will mature in March 2016.

    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 $55 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".

    About CIBC

    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,; Karen Archer, Media Relations Specialist,
(416) 865-4295,

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