TORONTO, Oct. 6, 2017 /CNW/ - TD Asset Management Inc. (TDAM) today announced a revision to the estimated special year-to-date 2017 reinvested distributions for TD International Equity CAD Hedged Index ETF (the TD ETF). The amount previously announced represented an estimate of mark to market income due to a deemed tax year-end from a change in the TD ETF's tax status. Due to market fluctuations, the amount has been revised to include the actual mark to market income on the underlying investments held in the TD ETF Portfolio.
Unitholders of record on September 29, 2017 received the special year-to-date 2017 reinvested distribution in the revised amounts. The actual taxable amounts of reinvested distributions for 2017, including tax characteristics of the distributions, will be reported in early 2018.
The revised amount of special reinvested distribution made to unitholders of record on September 29, 2017 was $0.76 per unit.
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The S&P EPAC Ex-Korea LargeMidCap CAD Hedged index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by TDAM. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by TDAM. The fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in the fund nor do they have any liability for any errors, omissions, or interruptions of the S&P EPAC Ex-Korea LargeMidCap CAD Hedged index.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and summary document(s) before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.
About 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$347 billion in assets as at June 30, 2017.
SOURCE TD Asset Management Inc.
For further information: Emily Vear, TD Bank Group, 416-983-2132, [email protected]