AGF Investments Announces Closure and Liquidation of AGF Global Infrastructure ETF, AGF Global Sustainable Equity Fund and AGF Emerging Markets Equity Fund

BOSTON, March 21, 2024 (GLOBE NEWSWIRE) -- AGF Investments* (TSX:AGF.B) announced today the closure and liquidation of AGF Global Infrastructure ETF (GLIF), AGF Global Sustainable Equity Fund and AGF Emerging Markets Equity Fund (collectively “the Funds”) on or about April 30, 2024 (the “Liquidation Date”).

The decision to close and liquidate the Funds was driven by the firm’s continued effort to simplify and streamline its offerings; as well as the small number of Fund investors, relatively low Fund assets and the costs associated with maintaining the Funds.

AGF Global Infrastructure ETF (GLIF or the “ETF”) Liquidation

The last day of trading on NYSE Arca, Inc. (“NYSE Arca”) for AGF Global Infrastructure ETF is expected to be April 12, 2024. Effective upon the close of business on April 12, 2024, the ETF will no longer accept orders for the purchase of Creation Units. Beginning today, the ETF may not pursue its investment objective or engage in normal business activities, except for the purposes of winding up business and affairs, preserving the value of assets, paying liabilities, and distributing remaining assets to shareholders pursuant to the plan of liquidation approved by the ETF’s Board of Trustees.

There can be no assurance that there will be a market for the purchase or sale of ETF shares during the time between the market close on April 12, 2024 and the Liquidation Date, because ETF shares will no longer be traded on NYSE Arca.

In connection with the liquidation, any shares of the ETF outstanding on the Liquidation Date will be automatically redeemed as of the close of business on the Liquidation Date without the imposition of customary redemption transaction fees. Although the liquidation is not expected to be a taxable event for the ETF, for taxable shareholders, the automatic redemption of shares of the ETF on the Liquidation Date will generally be treated as a sale that may result in a gain or loss for federal income tax purposes. Instead of waiting until the Liquidation Date, a shareholder may voluntarily sell his or her shares on NYSE Arca (subject to customary transaction fees) until the market close on April 12, 2024.