TORONTO, Nov. 14, 2017 /CNW/ - TD Asset Management Inc. (TDAM), today announced the receipt of the required approvals from unitholders of each of TD Emerald Canadian Bond Index Fund, TD Emerald Balanced Fund, TD Emerald Canadian Equity Index Fund, TD Emerald U.S. Market Index Fund and TD Emerald International Equity Index Fund (each a "Fund" and collectively, the "Funds") to proceed with the previously announced administration fee proposal. This new administration fee will be payable by each Fund to TDAM in exchange for TDAM paying certain operating expenses. The administration fee will take effect on or about January 1, 2018.
TDAM decided to cancel the proposal of an administration fee for TD Emerald Canadian Short Term Investment Fund. Accordingly, TD Emerald Canadian Short Term Investment Fund will continue to pay all of its operating expenses.
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, separately managed portfolios and corporate class funds. Collectively, TDAM manages C$343.7 billion in assets as at September 30, 2017.
SOURCE TD Asset Management Inc.
For further information: Emily Vear, TD Bank Group, 416-983-2132, [email protected]