AGF Investments Announces 2023 Estimated Annual Reinvested Capital Gains Distributions for ETFs
21 November 2023 - 12:00AM
AGF Investments Inc. (AGF Investments) today announced the
estimated annual 2023 reinvested distributions for the AGF
Investments ETFs listed on the Toronto Stock Exchange or NEO
Exchange 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 8, 2023. As these are estimated amounts,
the final capital gains distributions may change before the AGF
Investments ETFs’ December 15, 2023 tax year end. The
actual distribution amounts will be reported on or
about December 28, 2023.
The actual taxable amounts for 2023, including the tax
characteristics, will be reported in early 2024. Unitholders of
record of an AGF Investments ETF on December 29, 2023
will receive the actual 2023 reinvested distributions payable in
respect of that AGF Investments ETF on December 29, 2023.
Cash distributions for December 2023 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 |
NEO Exchange |
- |
*AGF Enhanced U.S. Equity Income Fund |
AENU |
NEO Exchange |
$0.00037 |
AGF Global Opportunities Bond ETF |
AGLB |
NEO Exchange |
- |
AGF Global Sustainable Growth Equity ETF |
AGSG |
NEO Exchange |
- |
AGF Systematic Canadian Equity ETF |
QCD |
Toronto Stock Exchange |
$1.64604 |
AGF Systematic Emerging Markets Equity ETF |
QEM |
Toronto Stock Exchange |
- |
AGF Systematic Global ESG Factors ETF |
QEF |
NEO Exchange |
- |
AGF Systematic Global Infrastructure ETF |
QIF |
NEO Exchange |
$0.05062 |
AGF Systematic Global Multi-Sector Bond ETF |
QGB |
NEO Exchange |
- |
AGF Systematic International Equity ETF |
QIE |
Toronto Stock Exchange |
- |
AGF Systematic US Equity ETF |
QUS |
Toronto Stock Exchange |
$3.00680 |
AGF US Market Neutral Anti-Beta CAD-Hedged ETF |
QBTL |
Toronto Stock Exchange |
- |
*AGF Emerging Markets ex China Fund and AGF Enhanced U.S. Equity
Income Fund are mutual funds with an ETF series option.
Further information about the AGF Investments ETFs can be found
here.
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.
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, 2023, (the AGF
Investments ETFs’ tax year end) include, but are not limited to:
the actual amounts of distributions received by the AGF Investments
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 distinct business lines: AGF Investments, AGF Private Capital
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 $40 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.
Media Contact
Amanda MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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