AGF Announces Termination of Harmony Non-Traditional Pool
TORONTO, July 14, 2017 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF) (TSX:AGF.B) today announced the termination of Harmony Non-Traditional Pool on or about September 25, 2017.
Effective today, units of Harmony Non-Traditional Pool will no longer be available for purchase.
The decision to close the Harmony Non-Traditional Pool was driven by a combination of a small number of unitholders, relatively low assets and the cost associated with maintaining such a small product.
Prior to the termination on or about September 25, 2017, unitholders of the Harmony Non-Traditional Pool will have the option to switch to another Harmony Pool or Portfolio, or to redeem their units.
Unitholders who hold Harmony Non-Traditional Pool in AGF registered accounts and take no action prior to termination will have their units transferred into the same series and purchase option of Harmony Money Market Pool on or about September 22, 2017. All other unitholders will be redeemed on or about September 25, 2017.
Unitholders will not be required to pay any redemption fees or sales charges.
AGF 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.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF strives to help investors succeed by delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse 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 approximately $36 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
Media Contact Amanda Marchment Director, Corporate Communications 416-865-4169 amanda.marchment@agf.com