Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 1:30 AM
|This Slide: #18 of 25|
Slide #18. AGF Management Limited
AGF Management Limited (TSE:AGF.B.CA)
Share Amount Authorized:
AGF Management Limited ("AGF") announced today that the Toronto Stock Exchange ("TSX") has approved AGF's notice of intention to renew its normal course issuer bid in respect of its Class B Non-Voting Shares (AGF.b). As at January 22, 2020, there were 78,641,0201 Class B Non-Voting Shares issued and outstanding and the public float consisted of 59,477,860 Class B Non-Voting Shares. Under the announced normal course issuer bid, AGF is permitted to purchase up to 5,947,786 Class B Non-Voting Shares, representing approximately 10% of the public float for such shares as of January 22, 2020. Purchases under the normal course issuer bid may commence on February 6, 2020 and continue until February 5, 2021, when the bid expires. Pursuant to the Articles of AGF, the Class B Non-Voting Shares may not be purchased by AGF at a price which exceeds more than 15% of the weighted average price at which the Class B Shares traded on the TSX during the ten trading days immediately preceding the date of any such purchase.
AGF Management is an integrated, global wealth management corporation whose principal subsidiaries provide investment management for mutual funds, institutions and corporations, as well as high-net-worth clients; and trust products and services (including real estate secured loans and investment loans and Guaranteed Investment Certificates). Co. conducts the management and distribution of mutual funds in Canada under the brand names AGF, Elements and Harmony (collectively, AGF Funds). Co. conducts its trust business under the name AGF Trust Company.
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