TORONTO, June 14, 2018 (GLOBE NEWSWIRE) --

Fund Mergers

Following special securityholder meetings today, AGF Investments Inc. (TSX:AGF.B) announced that the following fund mergers have been approved:

  • AGF Traditional Income Fund into AGF Strategic Income Fund (formerly AGF Canadian Asset Allocation Fund)
  • AGF Monthly High Income Fund into AGF Elements Yield Portfolio

“These fund mergers are part of an ongoing review of our product lineup to improve efficiencies and reflect our strategy to not only simplify our product suite, but to ensure that we have the right products in place to ensure our products reflect our core investment management capabilities,” said Florence Narine, Senior Vice-President, Head of Product, AGF.  

The mergers will take effect on or about August 3, 2018.

Fixed Administration Fee

Securityholders for the funds listed below approved a fixed registrar and transfer agency administration fee effective October 1st, 2018.

In exchange, AGF will pay certain operating expenses relating to registrar and transfer agency services directly. The funds will continue to pay for all other operating expenses.

The administration fee applies to MF Series, Series D, Series F, Series I, Series J, Series T, Series V, and Classic Series securities of certain AGF Group of Funds. As well, this change applies to Embedded Series, Wrap Series, Series T, Series V and Series F securities of certain Harmony Pools and Portfolios.

LIST OF FUNDS WITH ADMINISTRATION FEE

AGF Canadian Growth Equity Fund (formerly AGF Canadian Stock Fund)
AGF Canadian Large Cap Dividend Fund
AGF Canadian Money Market Fund
AGF Canadian Small Cap Fund
AGF Diversified Income Fund
AGF Elements Balanced Portfolio
AGF Elements Conservative Portfolio
AGF Elements Global Portfolio
AGF Elements Growth Portfolio
AGF Elements Yield Portfolio
AGF Emerging Markets Balanced Fund
AGF Emerging Markets Bond Fund
AGF Emerging Markets Fund
AGF Equity Income Focus Fund
AGF Fixed Income Plus Fund
AGF Flex Asset Allocation Fund
AGF Floating Rate Income Fund
AGF Global Strategic Balanced Fund (formerly AGF Global Balanced Fund
AGF Global Bond Fund
AGF Global Convertible Bond Fund
AGF Global Dividend Fund
AGF Global Equity Fund
AGF Global Select Fund
AGF Global Sustainable Growth Equity Fund
AGF High Yield Bond Fund
AGF Income Focus Fund
AGF Precious Metals Fund
AGF Strategic Income Fund (formerly AGF Canadian Asset Allocation Fund)
AGF Tactical Income Fund
AGF Total Return Bond Fund
AGF U.S. Small-Mid Cap Fund
AGFiQ Dividend Income Fund (formerly AGF Dividend Income Fund)
AGF American Growth Class
AGF Asian Growth Class
AGF Canadian Growth Equity Class
AGF Canadian Large Cap Dividend Class
AGF China Focus Class
AGF Diversified Income Class
AGF Elements Balanced Portfolio Class
AGF Elements Conservative Portfolio Class
AGF Elements Global Portfolio Class
AGF Elements Growth Portfolio Class 
AGF Elements Yield Portfolio Class
AGF Emerging Markets Class
AGF European Equity Class
AGF Fixed Income Plus Class
AGF Global Dividend Class
AGF Global Equity Class
AGF Global Resources Class
AGF Short-Term Income Class
AGF Total Return Bond Class
AGFiQ U.S. Sector Class (formerly AGF U.S Sector Class)
Harmony Balanced Growth Portfolio Class
Harmony Balanced Growth Portfolio
Harmony Balanced Portfolio
Harmony Canadian Equity Pool
Harmony Canadian Fixed Income Pool
Harmony Conservative Portfolio
Harmony Diversified Income Pool
Harmony Global Fixed Income Pool
Harmony Growth Plus Portfolio
Harmony Growth Portfolio
Harmony Maximum Growth Portfolio
Harmony Money Market Pool
Harmony Overseas Equity Pool
Harmony U.S. Equity Pool
Harmony Yield Portfolio
  

ABOUT AGF MANAGEMENT LIMITED

Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF brings a disciplined approach to delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse 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 $38 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