Securityholders have approved changes aimed at simplifying and improving the line-up of funds at AGF Funds Inc., the company said Friday.

Securityholders approved the merger of seven fund mergers:

> AGF Global Health Sciences Class into AGF Global Equity Class;
> AGF Global Technology Class into AGF Global Equity Class;
> AGF Global Financial Services Class into AGF Global Value Class;
> AGF Global Perspective Class into AGF Global Value Class;
> AGF Special U.S. Class into AGF American Growth Class;
> AGF U.S. Value Class into AGF American Growth Class; and
> AGF Diversified Dividend Income Fund into AGF Monthly High Income Fund.

Securityholders also approved a change in investment objectives and renaming of AGF Special U.S. Fund to AGF American Growth Fund and the subsequent merger of AGF U.S. Value Fund into AGF American Growth Fund.

Also approved were the additions of Series T and V purchase options to AGF’s All World Tax Advantage Group Ltd. (AWTAG).

The mergers, investment objective change and renaming are expected to be effective on May 22. The mergers are still subject to regulatory approval, AGF said.

The series additions to AWTAG will be effective on or about April 20, with the renewal of the AGF Group of Funds simplified prospectus.

IE