AGF Announces Proposed Termination of AGFiQ Global Balanced ETF Portfolio and AGFiQ Global Income ETF Portfolio
October 15 2021 - 07:53AM
AGF Investments Inc. (AGFI) today announced the proposed
termination of AGFiQ Global Balanced ETF Portfolio (ticker: QMA)
and AGFiQ Global Income ETF Portfolio (ticker: QMY) (each an “AGF
ETF” and collectively, the “AGF ETFs”) effective at the close of
business on or about December 15, 2021 (the “ETF Termination
Date”). Accordingly, AGFI will also request to de-list the units of
the AGF ETFs from the Toronto Stock Exchange (TSX) at the close of
business on or about December 15, 2021 (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 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 October 15, 2021, no
further direct subscriptions (i.e. primary market creations of new
ETF units) for units of the AGF ETFs will generally be accepted.
Any remaining securityholders of an AGF ETF as at the ETF
Termination Date will receive the net proceeds from the liquidation
of the assets of the AGF ETF, less all liabilities and all expenses
incurred in connection with the dissolution of the AGF 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.
Further information about the AGF 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. AGF brings a
disciplined approach to delivering excellence in investment
management through its fundamental, quantitative, alternative and
high-net-worth businesses focused on providing an exceptional
client experience. AGF’s suite of investment solutions extends
globally to a wide range of clients, from financial advisors and
individual investors to institutional investors including pension
plans, corporate plans, sovereign wealth funds and endowments and
foundations.AGF has investment operations and client servicing
teams on the ground in North America, Europe and Asia. With over
$41 billion in total assets under management and fee-earning
assets, AGF serves more than 700,000 investors. AGF trades on the
Toronto Stock Exchange under the symbol AGF.B.
About AGFiQ
AGFiQ is the quantitative investment platform for AGF powered by
an intellectually diverse, multi-disciplined team that combines the
complementary strengths of investment professionals across AGF and
its affiliates.
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 Contact
Amanda MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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