Key Developments: AGF Management Ltd (AGFb.TO)
11.60CAD
24 May 2013
$-0.01 (-0.09%)
$11.61
$11.46
$11.67
$11.45
124,853
252,039
$13.58
$8.28
Latest Key Developments (Source: Significant Developments)
AGF Management Ltd Declares Dividend
AGF Management Ltd announced that the Board of Directors declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the Company. This dividend will be payable on April 19, 2013 to shareholders of record on April 10, 2013. Full Article
AGF Management Ltd Announces Normal Course Issuer Bid
AGF Management Ltd announced that the Toronto Stock Exchange (TSX) has approved AGF's notice of intention to make a normal course issuer bid for the purchase for cancellation from time to time of certain of its Class B Non-Voting Shares (AGF.b) from February 1, 2013 to January 31, 2014. As at January 17, 2013, there were 89,135,058 Class B Non-Voting Shares issued and outstanding and the public float consisted of 67,292,288 Class B Non-Voting Shares. AGF acquired 7,435,369 Class B Non-Voting Shares at a weighted average price of $11.37 under the current normal course issuer bid. Under the announced normal course issuer bid, AGF is permitted to purchase up to 6,729,228 Class B Non-Voting Shares or 10% of the public float for such shares. AGF relies on an automatic purchase plan during the normal course issuer bid. Under the announced issuer bid, the purchases will be made through the facilities of TSX, alternative trading systems, or as otherwise permitted by the TSX. Except where reliance is placed on the TSX's block purchase exemption, AGF will not purchase on any given day under the bid, more than 72,893 which is 25% of the average daily trading volume of its Class B Non-Voting Shares for the six calendar months prior to the date of the notice. The average daily trading volume of the Class B Non-Voting Shares for such period was 291,574. Full Article
AGF Management Ltd Declares Dividend
AGF Management Ltd announced that it has declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the Company. This dividend will be payable on January 18, 2013 to shareholders of record on January 7, 2013 . Full Article
AGF Management Ltd Announces Dividend
AGF Management Ltd announced that for the three months ended August 31, 2012, the Company declared a $0.27 per share dividend on Class A Voting common and Class B Non-Voting shares. This dividend will be payable on October 19, 2012, to shareholders of record on October 9, 2012. Full Article
Laurentian Bank of Canada's B2B Bank Completes Acquisition Of AGF Trust Company From AGF Management Limited
Laurentian Bank of Canada announced that its subsidiary B2B Bank completed the acquisition of AGF Trust Company (AGF Trust) from AGF Management Limited following receipt of all required regulatory authorizations. B2B Bank acquired AGF Trust for a consideration equal to the estimated net book value of the company at closing of approximately $248 million (subject to post-closing adjustments) and has caused AGF Trust to repay subordinated indebtedness and to redeem preferred shares held by AGF Management Limited in an aggregate amount of $173.5 million. The agreement also includes a contingent consideration of a maximum of $20.0 million payable over five years if credit quality reaches certain criteria. Concurrently with the closing of the acquisition of AGF Trust, Laurentian Bank completed its previously announced private placement of 2 389 486 subscription receipts issued to Caisse de dépôt et placement du Québec and 477 897 subscription receipts issued to Fonds de solidarité des travailleurs du Québec (F.T.Q.), as a result of which total net proceeds of approximately $118.8 million were released from escrow to Laurentian Bank and all of the subscription receipts were exchanged for an equivalent number of common shares of the Bank. Full Article
AGF Management Limited Declares Dividend
AGF Management Limited announced that for three months ended May 31, 2012, we declared a $0.27 per share dividend on Class A Voting common and Class B Non-Voting shares. This dividend will be payable on July 20, 2012, to shareholders of record on July 9, 2012. Full Article
Laurentian Bank of Canada's B2B Trust Announces Acquisition Of AGF Trust
Laurentian Bank of Canada's B2B Trust and AGF Management Limited announced that they have entered into an agreement under which B2B Trust will acquire 100% of AGF Trust Company (AGF Trust) in a share purchase transaction. B2B Trust will acquire AGF Trust for a cash consideration corresponding to the net book value of the Company at closing of approximately $242 million. AGF Trust currently provides GICs, term deposits, investment loans and real estate secured loans through some 20,500 financial advisors and 1,050 mortgage brokers nationwide. The agreement also includes a contingent consideration of a maximum of $20.0 million over five years if credit quality reaches certain criteria. As well, B2B Trust will cause AGF Trust, immediately after closing, to repay subordinated indebtedness owed to and redeem preferred shares held by AGF Management Limited, for total consideration of $173.5 million. The transaction is expected to close in August 2012 subject to applicable regulatory notifications and approvals. Full Article
AGF Management Limited Declares Dividend
AGF Management Limited announced that the Board of Directors of AGF Management Limited declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the Company. This dividend will be payable on April 20, 2012 to shareholders of record on April 10, 2012. Full Article
AGF Management Limited Declares Dividend
AGF Management Limited announced that on December 15, 2011, the Board of Directors of the Company declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the Company. This dividend will be payable on January 20, 2012, to shareholders of record on January 9, 2012. Full Article
AGF Management Limited Declares Dividend
AGF Management Limited announced that for three months ended August 31, 2011, the Company has declared a $0.27 per share dividend on Class A Voting Common shares and Class B Non-Voting shares. This dividend will be payable on October 20, 2011, to shareholders of record on October 7, 2011. Full Article
UPDATE 1-AGF profit drops in 1st quarter, but outlook bright
TORONTO, March 27 - Canadian fund manager AGF Management Ltd said on Wednesday its profit dipped in the first quarter compared with a year earlier, but improvement is expected as investors return to equities and the U.S. economy climbs out of the doldrums.
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