TORONTO, March 20, 2015 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Private Funds and TD Pools (collectively, the "Funds"), announced today the transfer of custodianship of the Funds 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 March 25, 2015 for the TD Pools and March 26, 2015 for the TD Private Funds. 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 Funds.
The complete list of Funds affected by this change of custodian is as follows:
TD Private Funds
About TD Asset Management Inc.
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 December 31, 2014, TDAM was the fourth largest mutual fund company in Canada, with over CDN$95 billion invested in TD Mutual Funds (Source: IFIC).
SOURCE TD Bank Group
For further information: Natasha Ferrari, TD Bank Group, 416-983-7180, firstname.lastname@example.org