AGF Announces Changes to AGF Monthly High Income Fund

Enhancements Geared to Deliver Higher Yield and Preserve Capital

TORONTO, April 19 /CNW/ - AGF Investments Inc. today announced a strategy and portfolio management change to AGF Monthly High Income Fund.

Effective May 3, 2010, AGF Investments Inc. is enhancing the fund by changing the strategy to deliver higher yield. The new strategy will focus on providing a high level of income and long term capital growth through investment in a diversified portfolio of fixed income and income-oriented equity securities. This change will allow the fund to shift from the current 70/30 equity/bond asset mix to a more flexible asset allocation mix. As well, the fund will now strive to achieve an annual distribution of 7 % for investors.

AGF Investments Inc. will now be the sole portfolio manager of the fund effective today. AGF Investments Inc. Vice-President and Portfolio Manager Peter J. Frost is also being added to the fund, which already includes Tristan Sones and Tom Nakamura, portfolio managers and members of the firm's Fixed Income Team.

"We are excited about these changes which will be attractive to and benefit investors looking to generate sustainable income while preserving capital," said AGF Investments Inc. Executive Vice-President and Chief Investment Officer Martin Hubbes.

About AGF Management Limited

AGF Management Limited is one of Canada's premier investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products and services include a diversified family of award-winning mutual funds, AGF Elements portfolios, the Harmony asset management program, services for institutional and private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $45 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.

To learn more about AGF products and the funds managed by AGF Investments' award-winning team, visit AGF.com.

For further information: For media inquiries, contact AGF Public Relations & Public Affairs: Amanda Marchment, [phone], Ext. 2140, [email protected]; Susan Yellin, [phone], [email protected]