Ms. Amanda Marchment reports

AGF INVESTMENTS ANNOUNCES FINAL DISTRIBUTIONS FOR AGF INVESTMENTS ETFS FOR 2023

AGF Management Ltd.'s AGF Investments Inc. has declared the final December, 2023, cash distributions and annual 2023 reinvested capital gains distributions for the AGF Investments exchanged-traded funds listed on the Toronto Stock Exchange or NEO Exchange.

Unitholders of record of an AGF Investments ETF on Dec. 29, 2023, will receive (i) the actual 2023 reinvested capital gains distributions payable in respect of that AGF Investments ETF on Dec. 29, 2023; and (ii) the actual December, 2023, cash distributions payable in respect of that AGF Investments ETF on Jan. 5, 2024. The actual taxable amounts for 2023, including the tax characteristics, will be reported in early 2024.

The annual reinvested capital gains distributions generally represent realized capital gains within the AGF Investments ETFs and will not be paid in cash, but will be reinvested in the form of a notional distribution and reported as taxable. 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 ETF may increase.

Details regarding the final per-unit cash and reinvested capital gains distribution amounts are as noted herein.

About AGF Management Ltd.

Founded in 1957, AGF Management is an independent and globally diverse asset management firm. Its 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.