Press release from CNW Group
AGF Announces Changes to Fund Line Up
Monday, August 26, 2013
AGF Announces Changes to Fund Line Up07:45 EDT Monday, August 26, 2013
AGF Investments Inc., announces two name changes and the termination of six funds.
TORONTO, Aug. 26, 2013 /CNW/ -AGF Investments Inc. today announced the termination of six funds on or about November 1, 2013. Effective August 26, securities of the six funds indicated below will no longer be available for purchase.
- AGF Dollar Cost Averaging Fund
- AGF Global Real Estate Equity Fund
- AGF Global Real Estate Equity Class
- Acuity Pooled Growth and Income Fund
- Acuity Pooled Social Values Canadian Equity Fund
- Acuity Pooled EAFE Equity Fund
The decision to terminate these funds was driven by a combination of the small number of securityholders, relatively low assets and the costs associated with maintaining such small funds.
Affected investors will be advised of their options by letter prior to the termination on or about November 1, 2013. Securityholders of the funds will have the option to switch their investments to any of AGF's diversified family of mutual funds or to redeem their securities.
Securityholders will not be required to pay any redemption fees or sales charges.
AGF strongly encourages securityholders to consult with their financial advisor to discuss their individual circumstances, including possible tax consequences, and determine the solution that best meets their investment needs.
In addition to the terminations, two funds will also be renamed in order to better reflect their characteristics and holdings. AGF Aggressive U.S. Growth Fund will be renamed AGF U.S. Small-Mid Cap Fund and AGF Aggressive Global Stock Fund will be renamed AGF Global Select Fund. These changes will also be effective on or about November 1, 2013.
These changes reflect AGF's ongoing commitment to provide a diversified investment line up that is relevant to today's investment needs and provides advisors and investors alike, with viable options to fulfill their objective and goals.
ABOUT AGF MANAGEMENT LIMITED
AGF 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. With approximately $37 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:
Media, please contact:
Assistant, Corporate Communications