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Press release from CNW Group

AGF Announces Changes to Fund Line-up

Wednesday, November 30, 2011

AGF Announces Changes to Fund Line-up16:32 EST Wednesday, November 30, 2011TORONTO, Nov. 30, 2011 /CNW/ - AGF Investments Inc. (AGF) today announced changes to streamline its fund line-up. These changes reflect AGF's commitment to strategically review its product offerings on an on-going basis to help deliver world-class investment management solutions to clients.AGF Canadian Value Fund - Merger Subject to all necessary approvals, including regulatory and unitholder approvals, AGF is proposing to merge AGF Canadian Value Fund into AGF Canadian Stock Fund.  If such approvals are obtained, it is expected the merger will be effective some time in 2012.The pending merger is driven by a combination of the relatively small asset size, number of shareholders and low market participation. Prior to implementing the merger, the Fund will continue to be managed in accordance with the strategy and objectives set out in the prospectus. *More detailed information will be sent to unitholders (including details of the unitholder vote) in early 2012.AGF Japan Class - Termination AGF Japan Class will be terminated effective on or about February 3, 2012. Effective today, shares of AGF Japan Class are no longer available for purchase.The decision to terminate this Fund was driven by the relatively small asset size and number of shareholders.Prior to termination on or about February 3, 2012, shareholders of the Fund will have the option to switch their investment into any of the other classes within AGF All World Tax Advantage Group Limited on a tax-deferred basis, or redeem their shares. On the termination date, any remaining non-registered shareholders will be redeemed completely, while the assets of the registered shareholders will be transferred to AGF Canadian Money Market Fund. Shareholders will not be required to pay any redemption fees or sales charges.AGF is encouraging securityholders in AGF Canadian Value Fund and/or AGF Japan Class to consult with their financial advisor to determine the solution that best meets their individual investment needs and circumstances.*Notwithstanding the receipt of all required approvals, AGF may, in its discretion, decide not to proceed with or delay the proposed merger for any reason.About AGF Management LimitedAGF Management Limited is one of Canada's premier independent investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With approximately $47 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.For further information: For media inquiries, contact AGF Public Relations & Public Affairs: Odette Coleman, Director 416-865-4308 Odette.Coleman@agf.com         Amanda Marchment, Manager 416-865-4160 Amanda.Marchment@agf.com