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AGF Announces Proposed Termination of AGFiQ Global Balanced ETF Portfolio and AGFiQ Global Income ETF Portfolio

TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGFI) today announced the proposed termination of AGFiQ Global Balanced ETF Portfolio (ticker: QMA) and AGFiQ Global Income ETF Portfolio (ticker: QMY) (each an “AGF ETF” and collectively, the “AGF ETFs”) effective at the close of business on or about December 15, 2021 (the “ETF Termination Date”). Accordingly, AGFI will also request to de-list the units of the AGF ETFs from the Toronto Stock Exchange (TSX) at the close of business on or about December 15, 2021 (the “Delisting Date”), with all units still held by securityholders being subject to a mandatory redemption as of the ETF Termination Date.

Securityholders of the AGF ETFs will be able to sell their units through the facilities of the stock exchange until the Delisting Date. Effective as of the close of business on October 15, 2021, no further direct subscriptions (i.e. primary market creations of new ETF units) for units of the AGF ETFs will generally be accepted.

Any remaining securityholders of an AGF ETF as at the ETF Termination Date will receive the net proceeds from the liquidation of the assets of the AGF ETF, less all liabilities and all expenses incurred in connection with the dissolution of the AGF ETF, on a pro rata basis.

AGFI will issue an additional press release on or about the ETF Termination Date confirming final details of the terminations, including final distributions, if any.

Further information about the AGF ETFs can be found at AGF.com.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of 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 $41 billion in total assets under management and fee-earning assets, AGF serves more than 700,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

About AGFiQ

AGFiQ is the quantitative investment platform for AGF powered by an intellectually diverse, multi-disciplined team that combines the complementary strengths of investment professionals across AGF and its affiliates.

Disclaimer

ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers. Commissions, management fees and expenses all may be associated with investing in ETFs. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. There is no guarantee that ETFs will achieve their stated objectives and there is risk involved in investing in the ETFs. Before investing you should read the prospectus or relevant ETF Facts and carefully consider, among other things, each ETF’s investment objectives, risks, charges and expenses. A copy of the prospectus and ETF Facts is available on AGF.com.

Media Contact

Amanda Marchment
Director, Corporate Communications
416-865-4160
[email protected]  


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