TORONTO, June 5, 2020 /CNW/ - TD Asset Management
Inc. ("TDAM"), the manager of TD Mutual Funds, today announced
its intention to terminate the following fund and fund series (the
"Terminating Securities") on or about August
25, 2020, to simplify its offering line-up and continue to
deliver value to its clients:
- TD International Growth Fund
- H5, T5, FT5 and FT8 Series of:
-
- TD Advantage Balanced Income Portfolio
- TD Advantage Balanced Portfolio
- TD Advantage Balanced Growth Portfolio
(collectively, the "TD Advantage
Portfolios")
Effective today, the TD International Growth Fund will no longer
accept additional purchases, including purchases made through
Pre‑Authorized Purchase Plans and Pre-Authorized Contribution
Plans. The TD Advantage Portfolios were previously closed to all
purchases.
Securityholders of the Terminating Securities 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 Security for settlement on, or
prior to, the close of business on August
25, 2020 in accordance with the Terminating Securities'
simplified prospectus. TDAM will not charge securityholders any
short-term trading fees, switch fees, sales charges or other fees
related to the Terminating Securities terminations.
On or about August 25, 2020, TDAM
will liquidate the holdings of the TD International Growth Fund at
fair market value, determine distributions and distribute the net
assets to securityholders.
If securityholders of the Terminating Securities choose not to
redeem or switch the securities held in a registered account on or
before the termination date, the proceeds from the termination of
the securities will be switched to the applicable series of
TD Canadian Money Market Fund with the equivalent load type
and commission structure.
If securityholders of the Terminating Securities choose not to
redeem or switch the securities held in a non-registered account on
or before the termination date, the proceeds from the termination
of the securities will be deposited to the bank account on file or,
where bank account information is unavailable, a cheque will be
issued and mailed to the securityholder. A transaction confirmation
will be mailed shortly after the termination date.
A notice will be sent to each securityholder of the Terminating
Securities 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 $354 billion in assets as at March 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.