AGF Trust Co., a provider of mortgages and consumer loans, has completed the sale of a portfolio of RSP loans with a book value of $231 million as at January 31, into a securitization vehicle.

The transaction, which closed on February 28, 2006, will result in a pre tax accounting gain of approximately $10 million and will be recorded in the three month period ending February 28, of parent company AGF Management Ltd.

“The use of loan securitization enhances our liquidity and therefore our ability to execute our plans for growth,” said Mario Causarano, president and COO, AGF Trust.

During the 2005 fiscal year of AGF Management Ltd., AGF Trust Company recorded strong growth as mortgage loan assets grew 93.4% and consumer loan assets grew 99.9%.