AGF Funds Inc. has unitholder approval for the merger and corresponding change of investment objectives of a few funds.

AGF World Balanced Fund will be merged into AGF American Tactical Asset Allocation Fund. The fund will then adopt the investment objectives of the existing AGF World Balanced Fund and be renamed back to AGF World Balanced Fund.

AGF RSP World Balanced Fund will be merged into AGF RSP American Tactical Asset Allocation Fund. The fund will then adopt the investment objectives of the existing AGF RSP World Balanced Fund and be renamed back to AGF RSP World Balanced Fund.

The mergers are currently proposed to take effect after the close of business on October 3. At that time, AGF Funds Inc. will assume the role of portfolio manager on both funds, replacing the current portfolio managers, and AGF International Advisors Company Ltd. will be appointed as portfolio advisor.

Unitholders also approved an amendment to the investment objectives of AGF Canadian Real Value Balanced Fund, previously named AGF Canadian Tactical Asset Allocation Fund, to better reflect the investment style of the new portfolio manager. The new investment objectives will take effect immediately.