AGF Management Ltd. (TSX:AGF.B) filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on January 30, 2013. Under the bid, the company will repurchase up to 6,729,228 Class B non-voting shares, representing 7.55% of its issued and outstanding shares and representing 10% of its public float. The repurchases will be made through the facilities of the TSX, alternative trading systems, or as otherwise permitted by the TSX.

The shares will be repurchased for cancellation. As permitted by the TSX, the company will not repurchase on any given day under the bid more than 72,893 Class B non-voting shares which is 25% of the average daily trading volume of its Class B Non-Voting Shares for the prior six calendar months. The purpose of the bid is to offset the dilutive effect of share issuances to existing shareholders from treasury of Class B non-voting shares under the Stock Dividend Plan and the Executive Stock Option Plan.

AGF relies on an automatic purchase plan during the course of the bid. The plan allows for repurchases by the company of its Class B Non-Voting shares during certain pre-determined black-out periods, subject to certain parameters. Outside of the pre-determined black-out periods, the shares will be repurchased in accordance with the management's discretion.

The bid will commence from February 1, 2013 and will expire on January 31, 2014. As of January 17, 2013, the company has 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.