AGF Management Ltd T.AGF.B

Alternate Symbol(s): AGFMF

Financial Services Asset Management

AGF Management Limited is a Canada-based diversified asset management company. The Company provides investment solutions to a range of clients, from individual investors and financial advisors to institutions, including pension plans, corporate plans, sovereign wealth funds, endowments, and foundations. The Company's subsidiaries provide investment management for mutual funds, factor-based exchange-traded funds (ETF), institutions and corporations, private wealth clients, and access to private markets through its three business lines: AGF Investments, AGF Private Wealth, and AGF Private Capital (Private Capital). Its wholly owned subsidiary, AGF CustomerFirst Inc. (AGFC), provides fund administration services to the AGF mutual funds. The Company also has an ownership interest in AGFWave Asset Management Inc. (AGFWave), which provides asset management services and products in China and South Korea.

TSX:AGF.B - Post by User

AGF Management Ltd

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Post by dangoodon Nov 04, 2020 10:49pm

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Post# 31840273

A rush to the exirs

So AGF managed to take out almost 10% of their B shares at $5,70 when book value is more than double that? Math tells me this adds at least 4.5% to book value in addition to recognizing the $100 million gain on the subsidiary in the 4th quarter. This Will leave the shares trading at less than 35 cents on the dollar with no debt. A slam dunk.

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