Ms. Amanda Marchment reports

AGF INVESTMENTS ANNOUNCES PROPOSED TERMINATION OF AGF GLOBAL OPPORTUNITIES BOND ETF, AGF SYSTEMATIC CANADIAN EQUITY ETF AND AGF SYSTEMATIC EMERGING MARKETS EQUITY ETF

AGF Investments Inc. has proposed the termination of AGF Global Opportunities Bond ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM) (each an AGF Investments exchange-traded fund (ETF)) effective at the close of business on or about May 28, 2024.

Accordingly, AGF Investments will also request to delist the units of the AGF Investments ETFs from the Toronto Stock Exchange (TSX) and Cboe Canada Inc. at the close of business on or about May 28, 2024, with all units still held by securityholders being subject to a mandatory redemption as of the ETF termination date.

Securityholders of the AGF Investments ETFs will be able to sell their units through the facilities of the applicable stock exchanges until the delisting date. Effective as of the close of business on March 28, 2024, no further direct subscriptions (that is, primary market creations of new ETF units) for units of the AGF Investments ETFs will generally be accepted.

Any remaining securityholders of an AGF Investments ETF as at the ETF termination date will receive the net proceeds from the liquidation of the assets of the AGF Investments ETF, less all liabilities and all expenses incurred in connection with the dissolution of the AGF Investments ETF, on a pro rata basis. AGF Investments will issue an additional press release on or about the ETF termination date confirming final details of the terminations, including final distributions, if any.

As a result of the proposed terminations, AGF Investments is also announcing today ad hoc distributions for AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM), which usually pay annual distributions. Unitholders of record on April 5, 2024, will receive cash distributions payable on April 11, 2024.

Details regarding the final per-unit distribution amounts are as shown in the associated table.

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 business lines: AGF Investments, AGF Capital Partners 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 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 $45-billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors.