AGF.B AGF Management Ltd

AGF Investments Inc. (AGF Investments) today announced the estimated December 2023 cash distributions for the AGF Investments ETFs listed on the Toronto Stock Exchange or NEO Exchange. Unitholders of record of an AGF Investments ETF on December 29, 2023 will receive the actual cash distributions payable in respect of that AGF Investments ETF on January 5, 2024.

AGF Investments expects to issue a press release on or about December 28, 2023, which will provide the final cash distribution amounts, which may vary from the estimated amounts disclosed below.

Generally, the estimated “per unit” distribution is expected to increase if the net units outstanding of the AGF Investments ETF decreases between December 18, 2023 and December 28, 2023 or may change as a result of other unforeseen reasons.

Details regarding the estimated “per unit” cash distribution amounts are as follows:

ETF	Fund Ticker	Exchange	Estimated Cash Distribution Per Unit ($)
*AGF Emerging Markets ex China Fund	AEMX	NEO Exchange	$0.018693
*AGF Enhanced U.S. Equity Income Fund	AENU	NEO Exchange	$0.123440
AGF Global Opportunities Bond ETF	AGLB	NEO Exchange	$0.213092
AGF Global Sustainable Growth Equity ETF	AGSG	NEO Exchange	$0.141133
AGF Systematic Canadian Equity ETF	QCD	Toronto Stock Exchange	$1.220240
AGF Systematic Emerging Markets Equity ETF	QEM	Toronto Stock Exchange	$0.569515
AGF Systematic Global ESG Factors ETF	QEF	NEO Exchange	$0.756190
AGF Systematic Global Infrastructure ETF	QIF	NEO Exchange	$0.205457
AGF Systematic Global Multi-Sector Bond ETF	QGB	NEO Exchange	$0.194074
AGF Systematic International Equity ETF	QIE	Toronto Stock Exchange	$0.841494
AGF Systematic US Equity ETF	QUS	Toronto Stock Exchange	$0.469320
AGF US Market Neutral Anti-Beta CAD-Hedged ETF	QBTL	Toronto Stock Exchange

*AGF Emerging Markets ex China Fund and AGF Enhanced U.S. Equity Income Fund are mutual funds with an ETF series option.

AGF Investments expects to issue a separate press release on or about December 28, 2023 with respect to the final reinvested capital gains distributions for the AGF Investments ETFs.

Further information about the AGF Investments ETFs can be found here.

This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Forward-looking information

This news release contains forward-looking statements with respect to the annual reinvested capital gains distributions for the AGF Investments ETFs. These forward-looking statements involve risks and uncertainties that could cause the actual reinvested capital gains distributions to differ materially from the estimated distributions set forth in this news release. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 15, 2023, (the AGF Investments ETFs’ tax year end) include, but are not limited to: the actual amounts of distributions received by the AGF Investments ETFs; the actual amounts of capital gains generated from sales of securities; trading activity within the AGF Investments ETFs, including buying and selling of securities; and subscription and redemption activity, as applicable.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three distinct business lines: AGF Investments, AGF Private Capital and AGF Private Wealth.AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $42 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

About AGF Investments

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.Media Contact

Amanda MarchmentDirector, Corporate Communications416-865-4160amanda.marchment@agf.com