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Press release from CNW Group

AGF Management Limited Declares Dividend

Friday, December 16, 2011

AGF Management Limited Declares Dividend14:01 EST Friday, December 16, 2011TORONTO, Dec. 16, 2011 /CNW/ - On December 15, 2011, the Board of Directors of AGF Management Limited declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 20, 2012 to shareholders of record on January 9, 2012.About AGF Management LimitedAGF Management Limited is one of Canada's premier independent investment management 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 $46 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: AGF Management Limited shareholders and analysts, please contact: Robert J. Bogart, CPA Executive Vice-President and Chief Financial Officer 416-865-4264, bob.bogart@agf.com Michael Clabby Vice-President, Investor Relations and Corporate Development 416-815-6275, michael.clabby@agf.com Media, please contact:   Odette Coleman Director, Public Relations and Public Affairs 416-865-4308, odette.coleman@agf.com