The combined success of these initiatives has generated healthy returns for our shareholders. The Class B Non-Voting AGF shares gained an impressive 110 per cent during calendar year 2000 —
a result that clearly reflects the market’s positive view of AGF’s strong financial performance and corporate strategy. To recognize this progress, in August we completed a two-for-one stock split and increased the dividend by 25 per cent to reflect the higher earnings and cash flow. In the current industry environment of rapid consolidation, increasing competitive pressures and rising costs, we will take measured steps to ensure consistent growth and success.
During 2001, we will integrate our new businesses and make progress on our global initiatives in the U.K. and Asia. As we proceed with the Global Strategy integration, we will introduce efficiencies to streamline operations that lead to lower costs for unitholders. We will continue to build on our commitment to take advantage of advanced technologies in order to improve operations and strengthen our relationships with advisors and clients. |
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