AGF Announces Estimated Annual Reinvested Capital Gains Distributions for AGF ETFs


TORONTO, Nov. 19, 2021 (GLOBE NEWSWIRE) – AGF Investments Inc. (AGF) today announced the estimated annual reinvested distributions for 2021 for AGF ETFs listed on the Toronto Stock Exchange or the NEO Exchange, as reported in the table below. These estimated annual reinvested distributions generally represent realized capital gains within the AGF ETFs and will not be paid in cash, but will be reinvested and declared taxable.

Reinvested annual distributions will be paid in the form of a notional distribution. A notional distribution occurs when the units of 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 adjusted cost base to the unitholder of the respective AGF ETF may increase.

Please note that these are estimated capital gains amounts only, until November 10, 2021. As these are estimated amounts, final capital gains distributions may change prior to year end. tax of the AGF ETFs on December 15, 2021. Actual distribution amounts will be disclosed on or about December 30, 2021.

Actual taxable amounts for 2021, including tax features, will be reported in early 2022. Unitholders of record of an AGF ETF on December 31, 2021 will receive the actual 2021 reinvested distributions payable in respect of that AGF ETF December 31, 2021 Cash distributions for December 2021 will be declared separately.

Details regarding the estimated “per unit” capital gains distribution amounts are as follows:

Fund name Fund symbol To exchange Annual estimate
Reinvested

Capital gain
Distribution per unit
($)
AGF Global Opportunities Bond ETF AGLB NEO Exchange 0.16407
AGF Global Sustainable Growth Equity ETF AGSG NEO Exchange 0.15770
AGFiQ Canadian Equity ETF CDQ Toronto Stock Exchange 0.49418
AGFiQ Emerging Markets Equity ETF QEM Toronto Stock Exchange
AGFiQ Global ESG Factors ETFs QEF NEO Exchange 2.49400
AGFiQ Global Infrastructure ETF QIF NEO Exchange 0.36976
AGFiQ Global Multi-Sector Bond ETF QGB NEO Exchange 2.39615
AGFiQ International Equity ETF QIE Toronto Stock Exchange
AGFiQ US Equity ETF QUS Toronto Stock Exchange 6.28826
AGFiQ US Market Neutral Anti-Beta CAD Hedged ETF QBTL Toronto Stock Exchange

As previously announced, AGFiQ Global Balanced ETF Portfolio (Symbol: QMA) and AGFiQ Global Income ETF Portfolio (Symbol: QMY) will end at close of business on or around December 15, 2021 (the ETF’s closing date). AGF will issue a supplemental press release on or about the ETF termination date confirming the latest details of the Terminations, including final distributions for the Terminated ETFs, if any.

More information on the AGF ETFs is available at AGF.com.

This information is not intended to provide legal, accounting, tax, investment, financial or other advice, and should not be relied on to provide such advice. Commissions, management fees and expenses can all be associated with an investment in exchange traded funds (ETFs). Please read the relevant prospectus or ETF factsheet before investing. ETFs are not guaranteed, their values ​​change frequently, and past performance may not be repeated. Units of ETFs are bought and sold at market prices on an exchange and brokerage commissions will reduce returns.

Forward-looking information

This press release contains forward-looking statements regarding annual distributions of reinvested capital gains for the AGF ETFs. These forward-looking statements involve risks and uncertainties that could cause the actual distributions of reinvested capital gains to differ materially from the estimated distributions set out in this press release. Factors that could cause actual distributions to differ from estimated distributions by December 15, 2021 (tax year end of the AGF ETFs) include, but are not limited to: the actual amounts of distributions received by the AGF ETFs; the actual amounts of capital gains generated by the sale of securities; trading activities within the AGF ETFs, including the buying and selling of securities; and subscription and redemption activity, if applicable.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diversified asset management company. AGF takes a disciplined approach to delivering investment management excellence through its fundamental, quantitative, alternative and high net worth businesses focused on delivering exceptional customer experiences. AGF’s portfolio of investment solutions extends globally to a wide range of clients, from financial advisers and individual investors to institutional investors, including pension plans, corporate plans, funds sovereigns, endowments and foundations.

AGF has investment operations and customer service teams in the field in North America, Europe and Asia. With total assets under management of more than $ 42 billion and interest-bearing assets, AGF serves more than 700,000 investors. AGF is listed on the Toronto Stock Exchange under the symbol AGF.B.

Media contact

Amanda Marche
Director, Corporate Communications
416-865-4160
[email protected]


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