TORONTO, April 30,
2024 /CNW/ - TD Asset Management Inc. ("TDAM"), the
manager of TD Global Healthcare Leaders Index ETF (the "TD ETF"),
today announced that due to an input error, the amount of the
distribution declared on March 15,
2024 of $0.45 per unit was
higher than the intended distribution of $0.045 per unit. The higher distribution amount
was paid out to unitholders on April 4,
2024. The excess distribution did not result in a net asset
value error, though unitholders received a higher distribution than
expected. As a result, TDAM has decided to eliminate distributions
for the TD ETF for the remaining three quarterly distribution
periods as the expected distribution amount for 2024 has already
been exceeded. Unitholders can expect a higher portion of the
distribution for 2024 to be a return of capital for tax
purposes.
For more information regarding the TD ETFs,
visit TDAssetManagement.com.
Commissions, management fees and expenses all may be associated
with investments in exchange- traded funds (ETFs). Please read the
prospectus and ETF Facts before investing. ETFs are not guaranteed,
their values change frequently and past performance may not be
repeated. ETF units are bought and sold at market price on a stock
exchange and brokerage commissions will reduce returns.
TD Global Healthcare Leaders Index ETF ("TD ETF") is not
sponsored, promoted, sold or supported in any other manner by
Solactive AG nor does Solactive AG offer any express or implicit
guarantee or assurance either with regard to the results of using
the Index (as defined below) and/or any trade mark(s) associated
with the Index or the price of the Index at any time or in any
other respect. Solactive Global Healthcare Leaders Index (CA NTR)
(the "Index") is calculated and published by Solactive AG.
Solactive AG uses its best efforts to ensure that the Index is
calculated correctly. Irrespective of its obligations towards TDAM,
Solactive AG has no obligation to point out errors in the Index to
third parties including but not limited to investors and/or
financial intermediaries of the TD ETF. Neither publication of the
Index by Solactive AG nor the licensing of the Index or any trade
mark(s) associated with the Index for the purpose of use in
connection with the TD ETF constitutes a recommendation by
Solactive AG to invest capital the TD ETF nor does it in any way
represent an assurance or opinion of Solactive AG with regard to
any investment in the TD ETF.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank.
®The TD logo and other TD trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
About TD Asset Management
Inc.
TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is
a North American investment management firm. TDAM offers investment
solutions to corporations, pension funds, endowments, foundations
and individual investors. Additionally, TDAM manages assets on
behalf of almost 2 million retail investors and offers a broadly
diversified suite of investment solutions including mutual funds,
professionally managed portfolios and corporate class funds. Asset
management businesses at TD manage $454 billion in
assets. Aggregate statistics are as of March 31, 2024 for TDAM
and Epoch Investment Partners, Inc. TDAM operates
in Canada and Epoch Investment Partners, Inc. operates
in the United States. Both
entities are affiliates and are wholly-owned subsidiaries of The
Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.