(February 8 – 16:30 ET) – AGF Management says the Toronto Stock Exchange has accepted notice of its intention to buy back certain of its class B non-voting shares through the facilities of TSE.

Any purchases would be made during the period from February 12 to February 11, 2002. According to the normal course issuer bid filed with the exchange, the shares may not be purchased by AGF at a price which exceeds more than 15% of the weighted average price at which they traded on the TSE during the 10 trading days immediately preceding the date of any such purchase.

AGF will not purchase more than a total of 10% of the public float which, based upon the public float as at January 31, 2001 would represent 7,408,417 class B non-voting shares.

AGF’s directors have agreed to plan in order to offset the dilutive effect of shares issued under the company’s stock dividend plan and executive stock option plan.
-IE Staff