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AGF Investments Announces Proposed Investment Objective Changes
Globenewswireยท2025-05-09 21:02

Core Points - AGF Investments Inc. announced proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund, pending securityholder approval [1][2] - Special meetings for securityholders are scheduled for June 26, 2025, to vote on the proposed changes [2] - If approved, the changes are expected to be implemented around July 1, 2025, although AGF Investments may postpone or not proceed with the changes if deemed in the best interests of securityholders [2][3] Proposed Changes - AGF Short-Term Income Class: Current objective is to provide maximum income while preserving capital and liquidity through short-term instruments, government guaranteed securities, and corporate paper with a minimum A credit rating. Proposed change aims to focus on Canadian money market instruments, such as Canadian treasury bills [2] - AGF Global Sustainable Growth Equity Fund: Current objective is to provide long-term capital appreciation through a diversified portfolio of global equity securities. The proposed change emphasizes investing in companies that deliver positive sustainability impacts and solutions to key sustainable development challenges [2] Additional Information - Further details regarding the proposed changes, including Canadian federal income tax considerations, will be included in the funds' management information circular [4] - A notice-and-access document will be mailed to securityholders of record as of May 12, 2025, outlining how to obtain the management information circular [4] Company Overview - AGF Management Limited, founded in 1957, is an independent and globally diverse asset management firm with over $51 billion in total assets under management [6][8] - AGF serves more than 815,000 investors and operates in North America and Europe [8][9]