AGF Management Limited Reports Fourth Quarter and Fiscal Year 2020 Financial Results
TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE)
Reported mutual fund net sales of $88 million for the fourth quarter, a $269 million improvement over prior year
Completed the sale of Smith & Williamson, receiving $250.4 million in proceeds, resulting in a strengthened balance sheet, with $94 million in cash and no debt as at November 30, 2020
Returned $45.6 million to shareholders in the quarter through the completion of a substantial issuer bid and quarterly dividend payment
Reported diluted EPS of $1.43 for the fourth quarter of 2020, including the gain on sale of Smith & Williamson
Adjusted diluted EPS was $0.19, including $0.08 from private alternatives