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 1 st , 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
