announced<\/u><\/a> the final close of its $290 million Kensington Venture Fund III, which follows a hybrid approach of direct investments into emerging tech companies and venture capital funds. Earlier this year, AGF completed a strategic investment to acquire a majority interest in KCPL as part of the AGF Capital Partners growth strategy.<\/li>\n<\/ul>\nFinancial Highlights: <\/strong><\/p>\n\n- AGF completed the acquisition of KCPL on March 8, 2024 and has consolidated KCPL financial results for the quarter ended May 31, 2024 under AGF Capital Partners.<\/li>\n
- Adjusted EBITDA1<\/sup> for the three months ended May 31, 2024, was $37.0 million, compared to $49.5 million for the three months ended February 29, 2024 and $43.9 million in the prior year comparative period.<\/li>\n
- Net management, advisory and administration fees1<\/sup> were $81.2 million for the three months ended May 31, 2024, compared to $74.9 million for the three months ended February 29, 2024 and $75.7 million for the comparative prior year period.<\/li>\n
- Revenue from AGF Capital Partners for the three months ended May 31, 2024, was $12.0 million, compared to $24.4 million for the three months ended February 29, 2024 and $18.0 million for the comparative prior year period. The decrease quarter over quarter and year over year were driven by lower fair value adjustments and distribution income recorded on AGF Capital Partners, partially offset by the consolidation of KCPL financial results. Revenue from AGF Capital Partners can be variable quarter to quarter and can be impacted by fair value adjustments, timing of monetizations and cash distributions as well as changes in foreign currency translation as a portion of the investments are held in USD.<\/li>\n
- Adjusted selling, general and administrative costs1<\/sup> were $60.0 million for the three months ended May 31, 2024, compared to $53.5 million for the three months ended February 29, 2024 and $51.9 million for the comparative prior year period.<\/li>\n
- Adjusted net income attributable to equity owners was $23.6 million ($0.35 adjusted diluted EPS) for the three months ended May 31, 2024, compared to $33.7 million ($0.51 adjusted diluted EPS) for the three months ended February 29, 2024 and $31.2 million ($0.46 adjusted diluted EPS) for the comparative prior year period.<\/li>\n<\/ul>\n
\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n |
\n| \u00a0<\/td>\n | Three months ended<\/strong>
<\/strong><\/td>\n\u00a0<\/td>\n | Six months ended<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | May 31,<\/strong><\/td>\n| \u00a0<\/td>\n | February 29,<\/strong><\/td>\n| \u00a0<\/td>\n | May 31,<\/strong><\/td>\n| \u00a0<\/td>\n | May 31,<\/strong><\/td>\n| \u00a0<\/td>\n | May 31,<\/strong><\/td>\n<\/tr>\n\n| (in millions of Canadian dollars, except per share data)<\/td>\n | 2024<\/strong><\/td>\n| \u00a0<\/td>\n | 2024<\/strong><\/td>\n| \u00a0<\/td>\n | 2023<\/strong><\/td>\n| \u00a0<\/td>\n | 2024<\/strong><\/td>\n| \u00a0<\/td>\n | 2023<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Revenues<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Management, advisory and administration fees<\/td>\n | $<\/td>\n | 116.4<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 108.6<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 109.8<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 225.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 216.6<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Trailing commissions and investment advisory fees<\/td>\n | \u00a0<\/td>\n | (35.2<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (33.7<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (34.1<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (68.9<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (67.9<\/td>\n | )<\/td>\n<\/tr>\n | \nNet management, advisory and administration fees1<\/sup><\/td>\n| $<\/td>\n | 81.2<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 74.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 75.7<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 156.1<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 148.7<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Deferred sales charges<\/td>\n | \u00a0<\/td>\n | 1.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2.1<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 3.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 3.9<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nRevenue from AGF Capital Partners1<\/sup><\/td>\n| \u00a0<\/td>\n | 12.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 24.4<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 18.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 36.4<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 22.0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nOther revenue1<\/sup><\/td>\n| \u00a0<\/td>\n | 1.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1.7<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | <\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 3.6<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1.3<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nTotal net revenue1<\/sup><\/td>\n| \u00a0<\/td>\n | 97.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 103.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 95.8<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 200.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 175.9<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Selling, general and administrative<\/td>\n | \u00a0<\/td>\n | 68.2<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 57.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 53.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 126.1<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 106.0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nAdjusted selling, general and administrative1<\/sup><\/td>\n| \u00a0<\/td>\n | 60.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 53.5<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 51.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 113.5<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 104.6<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nEBITDA1<\/sup><\/td>\n| \u00a0<\/td>\n | 26.6<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 45.1<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 42.8<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 71.7<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 69.9<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nAdjusted EBITDA1<\/sup><\/td>\n| \u00a0<\/td>\n | 37.0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 49.5<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 43.9<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 86.5<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 71.3<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Net income – equity owners of the Company<\/td>\n | \u00a0<\/td>\n | 18.1<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 30.5<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 30.3<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 48.6<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 47.9<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Adjusted net income – equity owners of the Company<\/td>\n | \u00a0<\/td>\n | 23.6<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 33.7<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 31.2<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 57.3<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 49.0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Diluted earnings per share<\/td>\n | \u00a0<\/td>\n | 0.27<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.46<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.45<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.73<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.71<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Adjusted diluted earnings per share<\/td>\n | \u00a0<\/td>\n | 0.35<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.51<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.46<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.86<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.73<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nFree cash flow1<\/sup><\/td>\n| \u00a0<\/td>\n | 17.2<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 17.2<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 19.8<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 34.4<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 39.1<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Dividends per share<\/td>\n | \u00a0<\/td>\n | 0.115<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.110<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.110<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.225<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 0.210<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n<\/table>\n <\/p>\n \n\n| (end of period)<\/td>\n | Three months ended<\/strong><\/td>\n<\/tr>\n<td style="text-ali<\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO, June 26, 2024 (GLOBE NEWSWIRE) — \n Reported quarterly adjusted diluted earnings per share of $0.35Total assets under management and fee-earn","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-96202","post","type-post","status-publish","format-standard","hentry","category-releases-geral"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/96202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/comments?post=96202"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/96202\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=96202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=96202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=96202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | | | | | | | | | | | |