From GlobeNewswire:

AGF Management Limited (AGF) reported quarterly adjusted diluted earnings per share of $0.28, with total assets under management and fee-earning assets of $42.2 billion. The company experienced growth of 18.5% in ETFs and SMA AUM year over year and announced a quarterly dividend of $0.11 per share for the fourth quarter and fiscal year ended November 30, 2023.

Despite mutual fund net redemptions of $224 million, AGF reported ETFs and SMA AUM of $1.5 billion as at November 30, 2023, reflecting continued progress of their sales strategy in 2023. AGF also celebrated expanding their lineup with the launch of AGF Enhanced U.S. Equity Income Fund and AGF Emerging Markets ex China Fund.

AGF was recognized as one of Greater Toronto’s Top Employers 2024, a demonstration of the firm’s strong culture and commitment to investing in its people. Additionally, AGF Private Capital Inc. is set to acquire a majority interest in Kensington Capital Partners Limited, and AGF announced the retirement of W. Robert (Bob) Farquharson from the AGF Board of Directors.

Financially, AGF reported adjusted EBITDA of $27.6 million for the three months ended November 30, 2023, and net management, advisory, and administration fees of $294.4 million for the year ended November 30, 2023. The company also announced a quarterly dividend of $0.11 per share. AGF’s detailed financial statements can be found on their website.



Read more: AGF Management Limited Reports Fourth Quarter and Fiscal