AGF to merge Canadian Value, kill Japan Class

AGF Investments has announced plans to streamline its fund line-up, including one fund merger and a fund termination. In both cases, the decision to merge or terminate the affected funds were driven by the relatively small asset size and number of shareholders.

AGF will ask unitholders to approve the merger of its AGF Canadian Value Fund into AGF Canadian Stock Fund. If such approvals from investors and regulators are obtained, the merger should be effective in the new year.

AGF is also planning to terminate the AGF Japan Class, effective on or about February 3, 2012. The fund is no longer available for purchase, effective today. Prior to termination, investors will have the option of switching their assets into any of the other classes within AGF All World Tax Advantage Group Limited on a tax-deferred basis.

On the termination date, remaining non-registered shareholders will be redeemed completely, while the assets of the registered shareholders will be transferred to AGF Canadian Money Market Fund.

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