AGF, in partnership with CIBC, has responded to ongoing interest from Canadian investors and their financial advisors with the launch of Series 2 and Series 3 of the CIBC AGF Dividend Income Fund ROC (Return of Capital) Deposit Notes.
The notes of each Series offer 100% principal protection if held to maturity, as well as monthly return of capital payments and growth potential.
“Principal-protected products like these Deposit Notes continue to gain favour with Canadian investors,” says Randy Ambrosie, AGF Funds Inc. president. “These notes are attractive to investors because they provide the benefits of investing in dividend-paying companies by linking to the performance of AGF Dividend Income Fund.”
AGF Dividend Income Fund emphasizes total return and enhanced yield potential, using a growth-at-a-reasonable-price approach to select securities with strong fundamentals and a history of paying dividends. At the end of September 2007, the fund had more than $870 million in total net assets.
The Series 2 Deposit Notes are available for purchase from November 5 until December 14, and will mature in December 2015.
The Series 3 Deposit Notes will be available from Dec. 17, 2007 until March 7, 2008 and will mature in March 2016.
AGF, CIBC launch new series of principal-protected notes
CIBC AGF Dividend Income Fund ROC (Return of Capital) Deposit Notes
- By: IE Staff
- November 5, 2007 November 5, 2007
- 13:40