Ms. Amanda Marchment reports

AGF INVESTMENTS ANNOUNCES ESTIMATED DECEMBER CASH DISTRIBUTIONS FOR AGF INVESTMENTS ETFS FOR 2023

AGF Management Ltd.'s AGF Investments Inc. has estimated December, 2023, cash distributions for the AGF Investments exchange-traded funds listed on the Toronto Stock Exchange or the NEO Exchange. Unitholders of record of an AGF Investments ETF on Dec. 29, 2023, will receive the actual cash distribution payable in respect of that AGF Investments ETF on Jan. 5, 2024.

AGF Investments expects to issue a press release on or about Dec. 28, 2023, which will provide the final cash distribution amounts, which may vary from the estimated amounts disclosed herein.

Generally, the estimated per-unit distribution is expected to increase if the net units outstanding of the AGF Investments ETF decreases between Dec. 18, 2023, and Dec. 28, 2023, or may change as a result of other unforeseen reasons.

Details regarding the estimated per-unit cash distribution amounts are provided in an attached table.

AGF Investments expects to issue a separate press release on or about Dec. 28, 2023, with respect to the final reinvested capital gains distributions for the AGF Investments ETFs.

About AGF Management Ltd.

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

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 over $42-billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors.