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TD Asset Management Inc. to streamline its mutual funds line-up

TD FundSmart Managed Income Portfolio

TD Managed Income Portfolio

Each proposed merger is subject to regulatory approval and the approval of the securityholders of the discontinuing fund. The mergers involving the TD Resource Fund are also subject to regulatory approval and the approval of the securityholders of the TD Resource Fund.

Upon completion of the merger, securityholders of each series of each of the discontinuing funds set out above will receive units of the equivalent series of the continuing fund, on a dollar-for-dollar and tax-deferred basis. Each of the discontinuing funds will be wound up following the mergers.

The Independent Review Committee of TDAM considered and approved the proposed mergers after determining that the proposed mergers, if implemented, achieve a fair and reasonable result for each of the applicable funds.

Securityholders may continue to redeem or switch their holdings in the funds on or prior to the effective date of the merger. Securityholders will not be required to pay any redemption fees, sales charges or other fees associated with the discontinuing funds.

Proposed Termination of the TD Canadian T-Bill Fund and Certain Other Fund Terminations

Subject to obtaining securityholder approval at a special meeting to be held on or about April 6, 2016. TDAM proposes to terminate the TD Canadian T-Bill Fund.

In addition, TDAM plans to terminate the following mutual funds on or about April 15, 2016.

  • TD Japanese Index Fund
  • TD Japanese Growth Fund
  • TD FundSmart Managed Maximum Equity Growth Portfolio
  • TD U.S. Equity Currency Neutral Portfolio

Effective December 1, 2015. the terminating funds will no longer accept additional investments.

Securityholders may continue to redeem or switch their holdings in the funds on or prior to the termination date. Securityholders will not be required to pay any redemption fees, sales charges or other fees associated with the terminating funds.

TDAM will seek securityholder approvals for the proposed mergers and the termination of the TD Canadian T-Bill Fund at a special meeting to be held on or about April 6, 2016 in Toronto, Ontario.

Notice of the meeting, together with an information circular containing full details of the proposals, will be mailed to securityholders in accordance with securities regulatory requirements.

Change in Investment Strategies of TD Resource Fund

Effective on or about November 16, 2015. in order to enhance the investor experience, the investment strategies of TD Resource Fund will be changed to provide the fund with the flexibility to invest its assets in securities anywhere in the world.

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).

SOURCE TD Asset Management Inc.

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