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AGF Announces Results of Special Meetings of Securityholders of AGF Group of Funds

April 15, 2021 • Announcements

Following special meetings of securityholders held on April 14, 2021, AGF Investment Inc. (AGFI) announces that securityholders approved the proposed changes to the investment objectives of AGF Diversified Income Class and AGF Diversified Income Fund, as follows:

Fund Current Investment Objective New Investment Objective
AGF Diversified Income Fund

(to be renamed AGF Global Sustainable Balanced Fund)
The Fund’s investment objective is to achieve a high level of current income and long-term growth of capital by investing primarily in a diversified portfolio of income, dividend and distribution paying Canadian securities including common shares, income trusts and other types of equity and fixed income securities. The Fund’s investment objective is to provide long-term growth of capital through a combination of capital appreciation and interest income by investing primarily in a diversified portfolio of equity and fixed income securities which fit the Fund’s concept of sustainable development.
AGF Diversified Income Class

(to be renamed AGF Global Sustainable Balanced Class)
The Fund’s investment objective is to achieve a high level of current income and long-term growth of capital by investing primarily in units of AGF Diversified Income Fund. The Fund’s investment objective is to provide long-term growth of capital by investing primarily in units of AGF Global Sustainable Balanced Fund (formerly named AGF Diversified Income Fund).

The new investment objectives and strategies will be implemented by AGFI on or about April 30, 2021. In connection with the change in investment objectives and strategies, the following additional changes will be made to AGF Diversified Income Class and AGF Diversified Income Fund, as applicable:

  • Name Change: AGF Diversified Income Class will change its name to “AGF Global Sustainable Balanced Class” and AGF Diversified Income Fund will change its name to “AGF Global Sustainable Balanced Fund”.
  • Management Fee Reduction: Effective on or about May 1, 2021, the management fee for the MF Series of each fund will be reduced from 2.35% to 1.90%. The management fees for all other series of the funds will remain the same.
  • Change in Distribution Frequency: The distribution frequency for AGF Diversified Income Fund will change from monthly to annually. The last monthly distribution for AGF Diversified Income Fund is expected to be on or about April 30, 2021. There will be no dividend policy change for AGF Diversified Income Class.
  • Risk Rating Changes: The risk ratings of the funds are anticipated to change from “low” to “low to medium” upon adoption of the new investment objective.

Following implementation of the new investment objectives, AGFI will file an updated Simplified Prospectus, Annual Information Form and Fund Facts for these funds reflecting the foregoing changes.

Additional information regarding the change in investment objectives, and other associated changes, is provided in the funds’ management information circular, which is available on www.AGF.com and www.sedar.com.

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 over $40 billion in total assets under management, AGF serves more than 700,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances the fund will be able to obtain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you.

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
Chief Marketing & Innovation Officer
Phone: 416-865-4320

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