TORONTO, Oct. 26, 2015 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of the TD Managed Assets Program portfolios (the "Portfolios"), announced today the transfer of custodianship of certain Portfolios from Canadian Imperial Bank of Commerce ("CIBC") to CIBC Mellon Trust Company, a Canadian joint venture between The Bank of New York Mellon ("BNY Mellon") and CIBC. This transfer will be effective on October 27, 2015. As a result of this transfer, the rights and obligations of CIBC, as custodian, under the Amended and Restated Custodial Services Agreement dated January 30, 2015 and the Sub-Custodial Services Agreement dated January 1, 2006 have been assigned to CIBC Mellon Trust Company.
This change is not intended to have any impact on the day-to-day management of the Portfolios.
The complete list of Portfolios affected by this change of custodian is included in Schedule "A" attached hereto.
TD Asset Management Inc.
TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is one of Canada's largest asset managers. TDAM offers a diverse range of over 120 investment solutions including mutual funds, professionally managed portfolios and corporate class funds. TDAM manages retail mutual fund assets on behalf of more than 1.9 million investors and offers one of the most broadly diversified fund families in Canada. Funds are available at TD Canada Trust branches (through TD Investment Services Inc. representatives), TD Direct Investing, TD Wealth Financial Planning and TD Wealth Private Investment Advice, as well as leading investment dealers, independent brokers, advisors and financial planners. As of August 31, 2015, TDAM was the fourth largest mutual fund company in Canada, with over CDN$103 billion invested in its mutual funds (Source: IFIC).
TD Managed Portfolios
TD Managed Income Portfolio
TD Managed Income & Moderate Growth Portfolio
TD Managed Balanced Growth Portfolio
TD Managed Aggressive Growth Portfolio
TD Managed Maximum Equity Growth Portfolio
TD FundSmart Managed Portfolios
TD FundSmart Managed Income Portfolio
TD FundSmart Managed Income & Moderate Growth Portfolio
TD FundSmart Managed Balanced Growth Portfolio
TD FundSmart Managed Aggressive Growth Portfolio
TD FundSmart Managed Maximum Equity Growth Portfolio
TD Managed Index Portfolios
TD Managed Index Income Portfolio
TD Managed Index Income & Moderate Growth Portfolio
TD Managed Index Balanced Growth Portfolio
TD Managed Index Aggressive Growth Portfolio
TD Managed Index Maximum Equity Growth Portfolio
SOURCE TD Asset Management Inc.
For further information:
TD Bank Group