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TORONTO, May 09, 2025 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund, subject to securityholder approval.
Proposed Investment Objective Changes
At the special meetings of securityholders to be held on June 26, 2025, subject to extension or adjournment thereof, securityholders of each of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund will be asked to approve the following proposed changes in the investment objective of each fund:
| Fund | Current Investment Objective | Proposed Investment Objective |
| AGF Short-Term Income Class | The Fund’s objective is to provide maximum income while preserving capital and liquidity. It invests primarily in short-term instruments, government guaranteed securities and corporate paper with a minimum A credit rating. | The Fund’s objective is to provide maximum income, while preserving capital and liquidity. It invests primarily in Canadian money market instruments, such as Canadian treasury bills. |
| AGF Global Sustainable Growth Equity Fund | The Fund's investment objective is to provide long-term capital appreciation by investing primarily in a diversified portfolio of equity securities, globally, which fit the Fund’s concept of sustainable development. | The Fund's investment objective is to provide long-term capital appreciation by investing in companies that are delivering a positive sustainability impact by providing solutions to the key challenges in sustainable development. |
The proposed investment objectives of these funds, if approved, are expected to be implemented on or about July 1, 2025. Notwithstanding the receipt of securityholder approval, AGF Investments may postpone implementing the change for a fund until a later date or may elect not to proceed with the changes at all, if it considers such decision to be in the best interests of the securityholders of that fund.
If the proposed investment objective changes of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund are approved and implemented, the investment strategies of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund are expected to be amended.
Additional information regarding the proposed change in investment objectives, including a discussion of certain Canadian federal income tax considerations, will be provided in the funds’ management information circular. In advance of the special meetings, a notice-and-access document will be mailed to securityholders of record as at May 12, 2025. The notice-and-access document will describe the various ways in which securityholders can obtain a copy of the management information circular.
