AGF Investments Announces Proposed Termination of AGF Global Opportunities Bond ETF, AGF Systematic Canadian Equity ETF and AGF Systematic Emerging Markets Equity ETF
28 Mars 2024 - 12:25PM
AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today
announced the proposed termination of AGF Global Opportunities Bond
ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker:
QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM)
(each an “AGF Investments ETF” and collectively,
the “AGF Investments ETFs”) effective at the close
of business on or about May 28, 2024 (the “ETF Termination
Date”).
Accordingly, AGF Investments will also request to
de-list the units of the AGF Investments ETFs from the Toronto
Stock Exchange (TSX) and Cboe Canada Inc. at the close of business
on or about May 28, 2024 (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 Investments ETFs
will be able to sell their units through the facilities of the
applicable stock exchanges until the Delisting Date. Effective as
of the close of business on March 28, 2024, no further direct
subscriptions (i.e. primary market creations of new ETF units) for
units of the AGF Investments ETFs will generally be
accepted.
Any remaining securityholders of an AGF
Investments ETF as at the ETF Termination Date will receive
the net proceeds from the liquidation of the assets of the AGF
Investments ETF, less all liabilities and all expenses
incurred in connection with the dissolution of the AGF
Investments ETF, on a pro rata basis.
AGF Investments will issue an additional press
release on or about the ETF Termination Date confirming final
details of the terminations, including final distributions, if
any.
As a result of the proposed terminations, AGF
Investments is also announcing today ad hoc distributions for AGF
Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic
Emerging Markets Equity ETF (ticker: QEM), which usually pay annual
distributions. Unitholders of record on April 5, 2024 will receive
cash distributions payable on April 11, 2024.
Details regarding the final “per unit” distribution
amounts are as follows:
ETF |
Ticker |
Exchange |
Cash Distribution Per Unit ($) |
AGF Systematic Canadian Equity ETF |
QCD |
Toronto Stock Exchange |
$ |
0.225065 |
AGF Systematic Emerging Markets Equity ETF |
QEM |
Toronto Stock Exchange |
$ |
0.030724 |
|
|
|
|
|
Further information about the AGF Investments 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. Our
companies deliver excellence in investing in the public and private
markets through three business lines: AGF Investments, AGF Capital
Partners 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 $45 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.
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 ContactAmanda
MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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