TORONTO, Jan. 11, 2012 /CNW/ - TD Asset Management Inc. (TDAM) today
announced plans to terminate operations of the TD Private Canadian
Growth Fund and TD Private U.S. Growth Currency Neutral Fund (the
"Funds"). Effective today, the Funds will cease offering units for
purchase and will be terminated on or about March 26, 2012.
The Funds are being terminated as TDAM is streamlining the TD Private
Unitholders may redeem or switch their holdings in the Funds for
settlement on or prior to the termination date. TDAM will liquidate the
holdings of the Funds at fair market value, determine distributions,
and, on or about March 26, 2012, distribute the net assets to remaining
Unitholders of the Funds will be contacted and provided with information
outlining details of the terminations. Private Investment Counsel
portfolio managers will work with their clients to determine
alternative investment solutions.
About TD Asset Management
TD Asset Management Inc. (TDAM) is a fully integrated North American
investment manager, with C$189 billion in assets under management as of
October 31, 2011. TDAM offers investment solutions to corporations,
pension funds, endowments, foundations and high net worth individuals.
A cornerstone of the success of TDAM's investment strategies has been
the firm's disciplined and risk-controlled approach to investment,
along with its ability to innovate progressive solutions that meet
clients' changing needs and objectives.
Under TD Private Funds, TDAM manages approximately $7.0 billion (CDN) in
assets. TD Waterhouse Private Investment Counsel Inc. is one of
Canada's largest private client money management firms. TD Waterhouse
Private Investment Counsel's extensive network of professional
portfolio managers provide discretionary investment management services
to high net worth individuals and their families, small and mid-size
corporations, charitable organizations and foundations, and executors
and trustees from coast to coast.
SOURCE TD Asset Management Inc.
For further information:
TD Bank Group