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 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: (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 notional distributions 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. Each 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 provided in an attached table.

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.