TORONTO, June 10, 2019 /CNW/ - TD Asset Management
Inc. (TDAM), the manager of TD Mutual Funds, today announced
its intention to terminate the following funds (the "Funds") on or
about September 6, 2019, to simplify
its offering line-up and continue to deliver value to its
clients:
- TD Core Canadian Value Fund
- TD Canadian Value Fund
- TD Canadian Value Class
- TD U.S. Low Volatility Currency Neutral Fund
- Epoch European Equity Fund
- TD Advantage Growth Portfolio
- TD Advantage Aggressive Growth Portfolio
Effective today, the Funds will no longer accept additional
purchases, including purchases made through Pre‑Authorized Purchase
Plans and Pre-Authorized Contribution Plans.
Securityholders of the 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 Fund for settlement on, or prior to, the close of
business on September 6, 2019 in
accordance with the Funds' simplified prospectus. TDAM will not
charge securityholders any short-term trading fees, switch fees,
sales charges or other fees related to the Fund terminations.
On or about September 6, 2019,
TDAM will liquidate the holdings of the Funds at fair market value,
determine distributions and distribute the net assets to
securityholders.
A notice will be sent to each securityholder of the Funds
regarding the terminations.
TD Asset Management Inc.
TD Asset Management (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 $388
billion in assets as at March 31,
2019. Assets under management include TD Asset
Management Inc., TDAM USA Inc.,
Epoch Investment Partners Inc. (Epoch) and TD Greystone Asset
Management.
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 TD Asset Management Inc., 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.
SOURCE TD Asset Management Inc.