Ms. Amanda Marchment reports

AGF ANNOUNCES RESULTS OF SPECIAL MEETINGS OF SECURITYHOLDERS

Following special meetings of AGF Management Ltd. securityholders held on June 15, 2023, AGF Investments Inc. (AGF) securityholders approved the proposed changes to the investment objective of AGF Strategic Income Fund, as shown in the attached table.

The new investment objective will be implemented by AGF on or about June 30, 2023. In connection with the investment objective change, the following additional changes will be made to AGF Strategic Income Fund:

• Name change: AGF Strategic Income Fund will change its name to AGF Global Strategic Income Fund.
• Strategy changes: The investment strategies of the AGF Strategic Income Fund will also be amended to align with the new investment objective of the fund, as further detailed in the management information circular referenced herein.

Following implementation of the new investment objective, AGF will file an updated simplified prospectus and fund facts for this fund, reflecting the foregoing changes.

Additional information regarding the change in investment objective, and other associated changes, is provided in the fund's management information circular, which is available on the AGF website and SEDAR.

About AGF Management Ltd.

Founded in 1957, AGF is an independent and globally diverse asset management firm delivering excellence in investing in the public and private markets through its three distinct business lines: AGF Investments; AGF Private Capital; and AGF Private Wealth.

AGF brings a disciplined approach focused on providing an exceptional client experience and incorporating sound responsible and sustainable practices. The firm's investment solutions, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisers 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 $41-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.