Ms. Pamela Marchant reports

AGF ANNOUNCES PROPOSED CHANGES TO STREAMLINE GLOBAL EQUITY LINEUP

AGF Management Ltd. has proposed changes to its investment fund lineup. The changes are part of a continuing review of the company's product lineup to improve efficiencies while ensuring the products AGF offers are best in class and meet the evolving needs of the company's clients.

Proposed changes

The following proposed changes are expected to occur on or about May, 2016, pending all required approvals:

• AGF Global Value Class merging into AGF Global Equity Class;
• AGF Global Value Fund merging into AGF Global Equity Fund;
• AGF International Stock Class merging into AGF Global Equity Class.

"Industry veteran Stephen Way has been managing the AGF Global Equity mandate for over 20 years. He and his team of experienced investment professionals oversee approximately $7.6-billion in AUM [assets under management] for investors around the globe and have built a solid track record based on their disciplined, transparent and repeatable process," said Kevin McCreadie, president and chief investment officer, AGF Investments Inc. "With these changes, we are streamlining our global equity lineup and ensuring our products represent our core competencies."

AGF is also proposing to merge AGF Canadian Bond Fund into AGF Fixed Income Plus Fund, pending all required approvals.

Until the proposed mergers take effect, the merging funds will continue to be managed in accordance with the existing strategies and objectives set out in the prospectus. All costs and expenses associated with the mergers will be borne by AGF. More detailed information will be sent to investors (including details of the expected investor meetings) in advance of the 2016 securityholder meetings.