Primerica Concert Funds to Continue Investment in AGF Funds
TORONTO, Nov. 19, 2013 /CNW/ - AGF Investments Inc., (AGFI) and PFSL Fund
Management Ltd., and PFSL Investments Canada Ltd., today announced the
six-year extension of their Fund of Funds relationship agreement. The two
organizations have been working together since 1986.
Under the extended agreement, in which both parties have been operating since
2006, PFSL, the trustee and investment fund manager of Primerica Concert
Funds, will continue to invest directly in a tailored group of AGF Funds. The
AGF-Primerica relationship was also strengthened by an additional agreement
solidified in October of 2012, which supports the Primerica Common Sense
Funds. AGF will continue to support the needs of over 10,000 of Primerica's
"We are proud of our association with AGF which began more than two decades
ago," said Glenn Williams, President, Primerica, Inc. "This unique
relationship led to the launch of the Primerica Concert Series of Funds in
1997. This extension solidifies the commitment of two great companies working
toward ensuring the financial success of Canadian families."
For over 55 years, AGF has remained one of the largest independent global
investment management firms. With similar company roots, Primerica, the
largest independent financial services marketing company in North America,
shares in AGF's mission of helping Canadian investors reach their financial
With the reaffirmation of this agreement, both AGF and Primerica will continue
to deliver on their commitment to providing investment management excellence
and superior client service.
"With a strong track record and impressive distribution channel, Primerica
represents an enduring and important relationship and we are very pleased to
extend our agreement," said Blake C. Goldring, Chairman and Chief Executive
Officer, AGF Management Limited. "For more than 20 years, AGF and Primerica
have shared common values and an unwavering focus on helping clients reach
their financial goals. We look forward to our continued relationship."
ABOUT AGF MANAGEMENT LIMITED
AGF Management Limited is one of Canada's premier independent investment
management firms with offices across Canada and subsidiaries around the world.
AGF's products include a diversified family of award-winning mutual funds,
mutual fund wrap programs and pooled funds. AGF also manages assets on behalf
of institutional investors including pension plans, foundations and endowments
as well as for private clients. With approximately $37 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.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of
financial products to middle income households in North America. Primerica
representatives educate their Main Street clients about how to better prepare
for a more secure financial future by assessing their needs and providing
appropriate solutions through term life insurance, which we underwrite, and
mutual funds, annuities and other financial products, which we distribute
primarily on behalf of third parties. In addition, Primerica provides an
entrepreneurial full or part-time business opportunity for individuals seeking
to earn income by distributing the company's financial products. We insured
more than 4 million lives and had over 2 million client investment accounts at
December 31, 2012. Primerica stock is included in the S&P MidCap 400 and the
Russell 2000 stock indices and is traded on The New York Stock Exchange under
the symbol "PRI".
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Forward-looking statements
include statements that are predictive in nature, depend upon or refer to
future events or conditions, or include words such as 'expects,'
'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and
similar expressions, or future or conditional verbs such as 'may,' 'will,'
'should,' 'would' and 'could.' Forward-looking statements are based on certain
factors and assumptions, including expected growth, results of operations,
economic factors, business prospects, business performance and opportunities.
While the company considers these factors and assumptions to be reasonable
based on information currently available, they may prove to be incorrect.
Forward-looking statements are not guarantees of future performance, and
actual events and results could differ materially from those expressed or
implied by forward-looking statements due to, but not limited to, important
risk factors such as level of assets under management, volume of sales and
redemptions of investment products, performance of investment funds and of
investment managers and advisors, competitive fee levels for investment
management products and administration, and competitive dealer compensation
levels and cost efficiency in our investment management operations, as well as
interest and foreign-exchange rates, taxation, changes in government
regulations, unexpected judicial or regulatory proceedings, and the company's
ability to complete strategic transactions and integrate acquisitions. The
company cautions that the foregoing list is not exhaustive. The reader is
cautioned to consider these and other factors carefully and not place undue
reliance on forward-looking statements. Forward-looking statements are given
only as at the date of this release and other than specifically required by
applicable laws, the company is under no obligation (and expressly disclaims
any such obligation) to update or alter the forward-looking statements,
whether as a result of new information, future events or otherwise.
Additional risks and uncertainties can be found in our MD&A for the fiscal
year ended November 30, 2012 under the headings "Caution Regarding
Forward-Looking Statements" and "Risk Factors and Management of Risk" and in
our other filings with Canadian securities regulatory authorities.
AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:
Robert J. Bogart Executive Vice-President and Chief Financial Officer
Adrian Basaraba Senior Vice-President, Finance
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