Newsroom

Press Releases

AGF Announces Proposed Mergers of Harmony Pools and Portfolios

April 17, 2019 • Announcements

AGF Investments Inc. (AGF) today announced proposed mergers of Harmony Pools and Portfolios.

Securityholder meetings are scheduled on or about June 11, 2019. More detailed information will be sent to securityholders of record as of April 15, 2019 of the impacted funds (including details of the expected securityholder meetings) in advance.

AGF is proposing to merge the following funds on or about June 28, 2019, subject to obtaining securityholder and regulatory approval:


Merging Fund Continuing Fund
Harmony Canadian Equity Pool AGFiQ Dividend Income Fund
Harmony Canadian Fixed Income Pool AGF Fixed Income Plus Fund
Harmony Money Market Pool AGF Canadian Money Market Fund
Harmony Overseas Equity Pool AGF Global Equity Fund
Harmony U.S. Equity Pool AGF American Growth Fund
(each, a “Merging Pool” and collectively, the “Merging Pools”)  
Harmony Balanced Growth Portfolio AGF Elements Balanced Portfolio
Harmony Balanced Portfolio AGF Elements Balanced Portfolio
Harmony Conservative Portfolio AGF Elements Conservative Portfolio
Harmony Growth Plus Portfolio AGF Elements Growth Portfolio
Harmony Growth Portfolio AGF Elements Growth Portfolio
Harmony Maximum Growth Portfolio AGF Elements Global Portfolio
Harmony Yield Portfolio AGF Elements Yield Portfolio
(each, a “Merging Portfolio” and collectively, the “Merging Portfolios”) (each, a “Continuing Fund” and collectively, the “Continuing Funds”)

The Merging Pools and their corresponding Continuing Funds provide a similar investment experience in that they all invest primarily in individual equity and fixed income securities of domestic and international issuers.

The Merging Portfolios and their corresponding Continuing Funds also provide a similar investment experience in that the Merging Portfolios only invest in the Merging Pools and the Continuing Funds invest in mutual funds and exchange traded funds that are primarily managed by AGF or an AGF affiliate.

“These Mergers will result in a more streamlined and simplified product line-up that is easier for investors to understand,” said Florence Narine, Senior Vice-President, Head of Product, AGF. “At the same time, the continuing funds will provide our clients with access to a portfolio of greater value, allowing for increased portfolio diversification opportunities.”

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With nearly $39.5 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.

Media Contact

Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com

 

 


 

MEDIA

Media Contact

Amanda Marchment
Director, Corporate Communications
Phone: 416-865-4160
Email: amanda.marchment@agf.com

Karrie Van Belle
SVP, Head of Marketing and Communications
Phone: 416-865-4320

Our website uses cookies to help you get the best experience. Please Accept or click Edit to control your settings.