PFSL Investments Canada Ltd. announced today that as a result of the suspensions of sales of the AGF RSP Funds effective July 22, Primerica International RSP Aggressive Growth Portfolio Fund will invest directly in the underlying funds which the AGF RSP Funds are designed to clone.

Previously, the portfolio allocated its assets according to fixed percentages among AGF RSP American Growth Fund, AGF RSP European Equity Fund, AGF RSP Japan Fund, AGF RSP World Companies Fund and AGF RSP International Value Fund.

As a result of the suspensions of sales of those funds, the portfolio will invest, according to the corresponding fixed percentages, directly in AGF American Growth Fund, AGF European Equity Fund, AGF Japan Fund, AGF World Companies Fund and AGF International Value Fund.

As announced by AGF on July 5, the termination of the RSP clone funds is a result of the approval of Bill C-43, which allows unlimited foreign exposure in RSPs and other tax-deferred plans. The termination of those funds is expected to be effective August 12. The elimination of the foreign content restrictions is expected to result in reduced expenses to the portfolio.

http://www.newswire.ca/en/releases/archive/July2005/22/c3834.html