TORONTO, Feb. 5, 2021 /CNW/ - TD Asset Management
Inc. ("TDAM"), the manager of TD Mutual Funds, today announced
its intention to terminate the following funds (the "Terminating
Funds") on or about May 7, 2021 (the
"Termination Date"), to simplify its offering line-up and continue
to deliver value to its clients:
- TD U.S. Risk Managed Equity Fund
- TD U.S. Risk Managed Equity Class
- TD Global Risk Managed Equity Fund
- TD Global Risk Managed Equity Class
- TD Emerging Markets Low Volatility Fund
Effective today, the Terminating Funds will no longer accept
additional purchases, including purchases made through
Pre-Authorized Contribution Plans.
Securityholders of the Terminating Funds are encouraged to
contact their investment professional to discuss the terminations
and their investment options. Securityholders may redeem or switch
their holdings in a Terminating Fund for settlement on, or prior
to, the close of business on the Termination Date in accordance
with the Terminating Funds' simplified prospectus. TDAM will not
charge securityholders any short-term trading fees, switch fees,
sales charges or other fees related to transactions involving the
Terminating Funds.
On the Termination Date, TDAM will liquidate the holdings of the
Terminating Funds at fair market value, determine distributions and
distribute the net assets to securityholders.
For Client Name Accounts:
If securities of the Terminating Funds held in a registered
account are not redeemed or switched on or before the Termination
Date, the proceeds from the termination will be switched to the
applicable series of TD Canadian Money Market Fund or TD U.S.
Money Market Fund (US$) with the equivalent currency.
If securities of the Terminating Funds held in a non-registered
account are not redeemed or switched on or before Termination Date,
the proceeds from the termination will be deposited to the bank
account on file or, where bank account information is unavailable,
a cheque will be issued.
For Client Nominee Accounts:
If securities of the Terminating Funds held in a nominee account
under a dealer name are not redeemed or switched on or before the
Termination Date, the proceeds from the termination will be paid to
the cash position in the applicable nominee account.
A notice will be sent to each securityholder of the Terminating
Funds regarding the terminations.
About TD Asset Management Inc.
TD Asset Management
Inc. ("TDAM"), a member of TD Bank Group, is a North American
investment management firm. Operating through TD Asset Management
Inc. in Canada and TDAM
USA Inc. in the U.S., TDAM brings
new thinking to investors' most important challenges. 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 $407 billion in assets as at December 31, 2020. Assets under management
include TD Asset Management Inc., TDAM USA Inc. and Epoch Investment Partners Inc.
All entities are wholly-owned subsidiaries of The Toronto-Dominion
Bank.
The information contained herein has been provided by TDAM and
is for information purposes only. The information has been drawn
from sources believed to be reliable. The information does not
provide financial, legal, tax or investment advice. Particular
investment, tax, or trading strategies should be evaluated relative
to each individual's objectives and risk tolerance.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
fund facts and prospectus, which contain detailed investment
information, before investing. Mutual funds are not guaranteed or
insured, their values change frequently and past performance may
not be repeated.
TD Mutual Funds and the TD Managed Assets Program portfolios are
managed by TDAM, a wholly-owned subsidiary of The Toronto-Dominion
Bank and are available through authorized dealers.
TD Mutual Funds Corporate Class funds are issued by TD Mutual
Funds Corporate Class Ltd.
® The TD logo and other trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
SOURCE TD Asset Management Inc.