RE:Share buyback more effective than dividendsBought back 3,258,040 shares at a avg price of $8.34 TORONTO, Feb. 2, 2015 /CNW/ - AGF Management Limited ("AGF") announced today that the Toronto Stock Exchange ("TSX") has approved AGF's notice of intention to make a normal course issuer bid in respect of its Class B Non-Voting Shares (AGF.b). As at January 19, 2015, there were 84,357,761 Class B Non-Voting Shares issued and outstanding and the public float consisted of 67,079,997 Class B Non-Voting Shares. AGF acquired 3,258,040 Class B Non-Voting Shares at a weighted average price of $8.34 under the current normal course issuer bid.