OTTAWA, June 12, 2012 /CNW/ - MD Physician Services Inc. (MDPSI) has
announced that, effective today, the following MD funds have new names:
MD Bond and Mortgage Fund
MD Short-Term Bond Fund
MD Income & Growth Fund
MD Dividend Growth Fund
MD Dividend Fund
MD Dividend Income Fund
"The new names of these funds more precisely reflect the current primary
investment mandate for each fund—as well as align with naming
conventions that are standard across the mutual funds industry. The
decision to move to new names also demonstrates our commitment to
continuously improve how we communicate and present solutions to our
clients," said Brian Peters, President and CEO.
Notice of this change was originally provided to unitholders in Q1 2012
statements. For each fund, the investment strategies, objectives,
managers and holdings remain the same—these are changes in name only.
The MD Short-Term Bond Fund is a fixed-income fund that seeks to preserve capital and produce
income by investing in bonds with a weighted average portfolio duration
between 0.5 and 3.5 years.
The MD Dividend Growth Fund is a dividend-yielding equity fund that generates high-yielding
eligible dividends while providing long-term capital appreciation.
The MD Dividend Income Fund maintains its objective to generate tax-advantaged income and preserve
capital by investing primarily in dividend-producing common shares from
About MD Physician Services
MD Physician Services, with more than $30 billion in assets under
administration, is dedicated to serving physicians and their families.
MD Physician Services provides financial products and services, the MD
family of mutual funds, investment counselling services and practice
management products and services through the MD group of companies. For
a detailed list of these companies, visit md.cma.ca.
SOURCE MD Physician Services Inc.
For further information:
1 800 663-7336, ext. 4562