TORONTO, May 25, 2017 /CNW/ - TD Asset Management Inc. (TDAM), the manager of TD Mutual Funds, today announced its plans to terminate operations of the TD Asian Growth Class due to a low number of unitholders.
Effective today, the terminating fund is closed to additional purchases, including Pre-Authorized Contribution Plans, and will be terminated on or about August 10, 2017.
Unitholders may redeem or switch their holdings in the terminating fund for settlement on, or prior to, the termination date. As at August 10, 2017, TDAM will liquidate the holdings of the terminating fund at fair market value, determine distributions and distribute the net assets to unitholders.
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. Collectively, TDAM manages C$345 billion in assets as at March 31, 2017.
SOURCE TD Asset Management Inc.
For further information: Emily Vear, TD Bank Group, 416-983-0050, [email protected]