AGF Master Limited Partnership

TORONTO , Dec. 17 /CNW/ - For the year ending December 31, 2009 , an annual distribution of approximately $0.20 per unit has been estimated for AGF Master Limited Partnership (Symbol AFP.UN). The distribution will be payable on January 30, 2010 to limited partners of record on December 31, 2009 .

THIS IS ONLY AN ESTIMATE BASED ON CURRENT MARKET CONDITIONS AND IS SUBJECT TO CHANGES BASED ON THE ACTUAL FINANCIAL RESULTS FOR THE LIMITED PARTNERSHIP.

For further information: Greg Henderson, Director, AGF Partners No. Five Limited, (General Partner of the Partnership), [phone]