TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF Investments) today announced the estimated annual 2024 reinvested distributions for the AGF Investments ETFs listed on the Toronto Stock Exchange or Cboe Canada Inc. as set out in the chart below. These estimated annual reinvested distributions generally represent realized capital gains within the AGF Investments ETFs and will not be paid in cash but will be reinvested and reported as taxable.
The annual reinvested distributions will be paid in the form of a notional distribution. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution. The unitholder’s adjusted cost base for the respective AGF Investments ETFs may increase.
Please note that these are estimated capital gains amounts only, up to November 7, 2024. As these are estimated amounts, the final capital gains distributions may change before the AGF Investments ETFs’ December 15, 2024 tax year end. The actual distribution amounts will be reported on or about December 30, 2024.
The actual taxable amounts for 2024, including the tax characteristics, will be reported in early 2025. Unitholders of record of an AGF Investments ETF on December 31, 2024 will receive the actual 2024 reinvested distributions payable in respect of that AGF Investments ETF on December 31, 2024. Cash distributions for December 2024 will be reported separately.
Details regarding the estimated “per unit” capital gains distribution amounts are as follows:
ETF
Fund Ticker
Exchange
Estimated Annual Reinvested Capital Gains Distribution Per Unit ($)
AGF Emerging Markets ex China Fund*
AEMX
Cboe Canada Inc.
-
AGF Enhanced U.S. Equity Income Fund*
AENU
Cboe Canada Inc.
$0.28764
AGF Global Real Assets Fund*
AGLR
Cboe Canada Inc.
-
AGF Global Sustainable Growth Equity ETF
AGSG
Cboe Canada Inc.
-
AGF Systematic Global ESG Factors ETF
QEF
Cboe Canada Inc.
$5.68118
AGF Systematic Global Infrastructure ETF
QIF
Cboe Canada Inc.
-
AGF Systematic Global Multi-Sector Bond ETF
QGB
Cboe Canada Inc.
-
AGF Systematic International Equity ETF
QIE
Toronto Stock Exchange
-
AGF Total Return Bond Fund*
ATRB
Cboe Canada Inc.
-
AGF Systematic US Equity ETF
QUS
Toronto Stock Exchange
$5.27475
AGF US Market Neutral Anti-Beta CAD-Hedged ETF
QBTL
Toronto Stock Exchange
-
AGF U.S. Small-Mid Cap Fund*
ASMD
Cboe Canada Inc.
-
*AGF Emerging Markets ex China Fund, AGF Enhanced U.S. Equity Income Fund, AGF Global Real Assets Fund, AGF Total Return Bond Fund and AGF U.S. Small-Mid Cap Fund are mutual funds with an ETF series option.
Further information about the AGF ETFs can be found at AGF.com.
This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.
AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers.
Forward-Looking Information
This news release contains forward-looking statements with respect to the annual reinvested capital gains distributions for the AGF Investments ETFs. These forward-looking statements involve risks and uncertainties that could cause the actual reinvested capital gains distributions to differ materially from the estimated distributions set forth in this news release. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 15, 2024, (the AGF Investments ETFs’ tax year end) include, but are not limited to: the actual amounts of distributions received by the AGF ETFs; the actual amounts of capital gains generated from sales of securities; trading activity within the AGF Investments ETFs, including buying and selling of securities; and subscription and redemption activity, as applicable.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.
AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $51 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
About AGF Investments
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.
AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.
AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.
