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 25, 2012. Under the bid, the company will repurchase, for cancellation, up to 7,435,369 Class B non-voting shares, representing 7.79% of its outstanding shares and 10% of its public float. The repurchases will be made through the facilities of TSX or as otherwise permitted by the TSX. Except as permitted by the TSX, AGF will not purchase on any given day under the bid, more than 45,663 Class B non-voting shares which is 25% of the average daily trading volume of its Class B non-voting shares for the six calendar months prior which is 182,652 Class B non-voting shares. 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. The bid will commence from January 27, 2012 and will expire on January 26, 2013. As of January 18, 2012, the company has 95,413,463 Class B non-voting shares issued and outstanding and the public float consisted of 74,353,689 Class B non-voting shares.