Post by
smts on Apr 26, 2007 5:35pm
AGF Management show more than interest
Good news. That's what I'm talking about. This is not a huge outfit -- BUT it is a good one. It looks solid and poised to make money.
AGF is betting on it too, now owning 13% of the shares.
Things will pick up on this.
smts
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AGF Makes Early Warning Report
TORONTO, Apr 26, 2007 (Canada NewsWire via COMTEX News Network) --
AGF Funds Inc. ("AGF") today announced that as a result of the acquisition of 750,000 shares, AGF, on behalf of clients, now has direction over:
<< - 3,116,534 shares (or 12.98% of the outstanding shares calculated on a fully diluted basis) of GC-Global Capital Corporation. >>
The acquisition of these securities by AGF, on behalf of its clients, was made in the ordinary course of business for investment purposes and was not for the purpose of influencing the control or direction of GC-Global Capital Corporation.
AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary of providing Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages. With approximately $53 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol "AGF.B".
SOURCE: AGF
Martin Hubbes, Executive Vice-President and Chief Investment Officer, AGF Funds Inc., (416) 367-1900
Copyright (C) 2007 CNW Group. All rights reserved.