AGF Management Restricted Studies Preliminary Highlights to Fourth Quarter Web Income and Economic Benefits

TORONTO, Dec. 10, 2020 (World NEWSWIRE) — AGF Administration Minimal (AGF or the Company) (TSX:AGF) currently declared preliminary unaudited highlights for the fourth quarter ended November 30, 2020. All figures in this launch are approximate owing to the preliminary nature of the announcement.

AGF recorded retail mutual fund net sales for the thirty day period ended November 30, 2020 of $82 million. AGF has continued to document net sales into December, with retail net product sales of $15 million as at December 9, 2020.

For the quarter ended November 30, 2020, AGF’s retail mutual fund net product sales had been $66 million, as opposed to net redemptions of $181 million in Q4 2019. Retail mutual fund gross gross sales enhanced 35% yr-above-calendar year.

AGF estimates following tax earnings from its non-public solutions enterprise will increase from $.01 per share in Q3 2020 to around $.07 for each share in Q4 2020. The enhance relates largely to greater LP financial investment returns and similar carried fascination earnings.

Advertising, typical & administrative expenses (SG&A) is anticipated to be inside advice of $175 million for the yr.

“2020 has been a tricky calendar year and inspite of the issues, we have ongoing to operate in the interest of our stakeholders,” mentioned Kevin McCreadie, Chief Executive Officer and Chief Financial investment Officer, AGF. “We carry on to execute on a client-oriented strategy across all world-wide client channels, together with retail, and in private options.”

AGF will launch its entire economic success for Q4 2020 on Wednesday, January 27, 2021 at somewhere around 8:00 a.m. ET.

About AGF Management Restricted

Launched in 1957, AGF Administration Confined (AGF) is an unbiased and globally diverse asset administration business. AGF brings a disciplined method to offering excellence in expenditure administration by its basic, quantitative, private alternate options and substantial-internet-well worth firms focused on giving an outstanding consumer knowledge. AGF’s suite of financial investment solutions extends globally to a large vary of shoppers, from economic advisors and person investors to institutional traders which includes pension strategies, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment decision functions and customer servicing groups on the ground in North The us, Europe and Asia. With more than $38 billion in overall assets beneath administration, AGF serves more than one million traders. AGF trades on the Toronto Stock Trade less than the symbol AGF.B.

AGF Administration Limited shareholders, analysts and media, be sure to speak to:

Adrian Basaraba
Senior Vice-President and Chief Fiscal Officer
416-865-4203, [email protected]   

Baoqin Guo
Vice-President, Finance
416-865-4228, [email protected]

Caution Regarding Ahead-Searching Statements

This push launch features forward-hunting statements about specified of the Firm’s anticipated economic functionality and business functions. Ahead-looking statements involve statements that are predictive in character, rely upon or refer to upcoming occasions or disorders, or incorporate words these as ‘expects,’ ‘estimates,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘believes’ or damaging versions thereof and related expressions, or potential or conditional verbs this sort of as ‘may,’ ‘will,’ ‘should,’ ‘would’ and ‘could.’ In addition, any assertion that could be made regarding long run economical performance (which include income, revenues, earnings or progress prices), ongoing business enterprise strategies or potential customers, fund general performance, and doable future action on our component, is also a forward-searching statement. Ahead-hunting statements are dependent on selected things and assumptions, which include envisioned growth, outcomes of operations, small business prospective buyers, organization effectiveness and alternatives. Even though we look at these variables and assumptions to be affordable based mostly on information and facts now offered, they may perhaps prove to be incorrect. Ahead-wanting statements are centered on present-day anticipations and projections about foreseeable future activities and are inherently topic to, among other items, hazards, uncertainties and assumptions about our operations, economic factors and the economical expert services marketplace normally. They are not guarantees of potential overall performance, and true situations and benefits could vary materially from all those expressed or implied by forward-on the lookout statements made by us because of to, but not restricted to, crucial possibility things such as amount of belongings under our management, quantity of income and redemptions of our expense goods, overall performance of our expenditure money and of our expenditure supervisors and advisors, shopper-pushed asset allocation conclusions, pipeline, aggressive cost ranges for investment administration merchandise and administration, and competitive seller compensation stages and cost performance in our financial investment management operations, as effectively as general financial, political and current market components in North The us and internationally, fascination and overseas trade prices, world wide fairness and money markets, organization level of competition, taxation, changes in govt polices, sudden judicial or regulatory proceedings, technological modifications, cybersecurity, the probable outcomes of war or terrorist activities, outbreaks of illness or disease that have an effect on area, countrywide or international economies (these types of as COVID-19), natural disasters and disruptions to general public infrastructure, this kind of as transportation, communications, electric power or drinking water provide or other catastrophic activities, and our skill to complete strategic transactions and combine acquisitions, and appeal to and retain essential personnel. We caution that the foregoing record is not exhaustive. The reader is cautioned to take into account these, and other aspects cautiously and not area undue reliance on forward-on the lookout statements. Other than specially essential by relevant guidelines, we are less than no obligation (and expressly disclaim any such obligation) to update or change the forward-on the lookout statements, whether as a outcome of new details, foreseeable future events or or else. For a extra total discussion of the possibility things that may influence actual outcomes, be sure to refer to the ‘Risk Things and Management of Risk’ portion of the 2019 Once-a-year MD&A.