AGF Calls Securityholder Meetings to Approve Proposed Investment Objective Changes and Proposed Mergers

Also Announces Closure of AGF U.S. Dollar Money Market Account

TORONTO, March 6, 2012 /CNW/ - AGF Investments Inc. (AGF) today announced that special securityholder meetings will be held on April 10, 2012 to seek approval for certain proposed fund mergers and proposed investment objective changes. These line-up changes are being proposed in an effort to streamline and simplify AGF's product offering.

Securityholders of the relevant funds will be asked to consider the following:

Fund Mergers

The mergers of the following funds:

• AGF Canadian Stock Class into AGF Canada Class
• AGF Canadian Value Fund into AGF Canadian Stock Fund
• AGF Global Resources Fund into Acuity Natural Resource Fund
• Acuity Canadian Balanced Fund into Acuity Conservative Asset Allocation Fund
• Alpha Social Values Portfolio into Acuity Social Values Balanced Fund
• Acuity Social Values Global Equity Fund into Acuity Social Values Canadian Equity Fund

Investment Objective Changes

Investment objective changes for the following funds:

• Acuity Social Values Canadian Equity Fund
• AGF Canadian Growth Equity Class
• AGF Canadian Growth Equity Fund
• AGF Canadian High Yield Bond Fund

If approved, the mergers will take effect on or about May 25, 2012 and the investment objective changes will take effect on or about April 19, 2012. The changes are subject to securityholder and regulatory approval, as applicable.

Full details of the above changes and other issues to be determined at the special securityholder meetings will be provided to current investors, and may be obtained by prospective investors from AGF prior to the meetings.

Details on the time and location of the special securityholder meetings are included in the notice of meetings and management information circular to be mailed to securityholders and are also available on SEDAR at www.sedar.com or by contacting AGF directly at 1-800-268-8583.

As well, AGF today announced that AGF U.S. Dollar Money Market Account will be closed effective on or about May 18, 2012. Effective today, units of AGF U.S. Dollar Money Market Account are no longer available for purchase.  The decision to terminate the Fund was driven by the relatively small asset size and number of unitholders.

AGF U.S. Dollar Money Market Account will remain open to direct and wire order redemptions, switches out and transfers out until 4:00 p.m. EST, on May 17, 2012.  Unitholders remaining in the Fund as of after this time on May 17, 2012 will have their units automatically redeemed on or about May 18, 2012.

AGF is encouraging unitholders to consult their financial advisor to determine the solution that best meets their individual investment needs and circumstances.

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. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With approximately $48 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 media inquiries, contact AGF Corporate Communications: 

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