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AGF Announces Terminations of Harmony Corporate Classes & Two Harmony Pools

/EIN News/ -- TORONTO, Jan. 18, 2019 (GLOBE NEWSWIRE) -- AGF Investments Inc. (TSX:AGF.B) today announced the termination of Harmony Balanced Growth Portfolio Class, Harmony Growth Portfolio Class, Harmony Growth Plus Portfolio Class, Harmony Maximum Growth Portfolio Class, Harmony Global Fixed Income Pool and Harmony Diversified Income Pool (collectively, the Funds) effective on or about April 8, 2019 (the Termination Date).

The decision to close the Funds was driven by the small number of investors, relatively low assets and the costs associated with maintaining such small funds.

Effective today, the Funds will no longer be available for purchase including switches to the Funds and pre-authorized systematic purchase plans.

AGF is waiving the portfolio management fees and AGF’s portion of the management fees that are normally applicable to the Funds from January 18, 2019 until the Termination Date. Note that there may be distributions paid by the Funds prior to the terminations.

Unitholders can transfer their investments into any other Harmony Pool or Portfolio or redeem their units prior to the Termination Date.

Investors who remain holding shares/units of the Funds in client-name registered plans will have their shares/units transferred to the same series and purchase option of Harmony Money Market Pool, effective on or about April 5, 2019. Investors who remain holding shares/units of the Funds in client-name non-registered plans and/or any nominee/intermediary-held accounts (both registered and non-registered) will have their shares/units redeemed on or about April 8, 2019, without any redemption fees or sales charges applied. 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 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 nearly $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


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