AGF Management Ltd., in partnership with CIBC, launched on Tuesday the CIBC AGF Dividend Income Fund Deposit Notes, Series 1, Return of Capital offering investors 100% principal protection at maturity, monthly income and growth potential.

“We are pleased to partner with CIBC to offer this new principal-protected product, which builds on the success of the previous Notes,” said AGF Funds Inc. president Randy G. Ambrosie. “As our population ages and baby boomers plan their retirement, income-generating products like these notes continue to grow in popularity.”

Earlier this summer, AGF partnered with CIBC to offer several principal-protected notes linked to the performance of the award-winning AGF International Stock Class.

The eight-year, PPNs provide investors access to dividend-paying companies by linking to the performance of AGF Dividend Income Fund, which is managed by Marc-André Robitaille, president of Robitaille Asset Management Inc.

“Linking the notes to this fund made good sense, since AGF Dividend Income Fund is an income-type product with a solid track record,” Ambrosie said.

The 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 July, the fund — which launched in April 2003 — had more than $860 million in total net assets.

The notes will be available for purchase until Nov. 2 and mature on Nov. 9, 2015.