AGF Files Preliminary Prospectuses for Four Funds and Terminates Three Funds - Seite 2

Securityholders of the AGFiQ ETFs will be able to sell their units through the facilities of the stock exchange until the Delisting Date. Effective as of the close of business on August 13, 2020, no further direct subscriptions (i.e. primary market creations of new ETF units) for units of the AGFiQ ETFs will generally be accepted. 

Any remaining securityholders of an AGFiQ ETF as at the ETF Termination Date will receive the net proceeds from the liquidation of the assets of the AGFiQ ETF, less all liabilities and all expenses incurred in connection with the dissolution of the AGFiQ ETF, on a pro rata basis.

AGFI will issue an additional press release on or about the ETF Termination Date confirming final details of the terminations, including final distributions, if any.

Termination of One Mutual Fund

AGFI is also today announcing the proposed termination of AGFiQ US Long/Short Dividend Income CAD-Hedged Fund (the “Fund”) effective on or about October 23, 2020 (the “Fund Termination Date”).

Effective as of the close of business today, units of the Fund are no longer available for purchase and AGFI stopped accepting purchases and switches into the Fund, including systematic purchase and switch plans.

AGFI is waiving the management fee that is normally applicable to the Fund from the close of business on August 13, 2020 until the Fund Termination Date. Note that there may be distributions paid by the Fund prior to the termination.

Unitholders can transfer their investments into another AGF Fund or redeem their units prior to the Fund Termination Date.

Investors who remain holding units of the Fund in client-name registered plans will have their units transferred to the same series and purchase option of AGF Canadian Money Market Fund, effective on or about October 22, 2020. Investors who remain holding units of the Fund in client-name non-registered plans and/or any nominee/intermediary-held accounts (both registered and non-registered) will have their units redeemed on or about October 23, 2020, without any redemption fees or sales charges applied. AGFI strongly encourages unitholders to consult with their financial advisor to discuss their individual circumstances, including possible tax consequences, and determine the solution that best meets their investment needs.