AGF Investments Announces Proposed Termination of AGF Global Opportunities Bond ETF, AGF Systematic Canadian Equity ETF and AGF Systematic Emerging Markets Equity ETF

TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- 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.