MD Funds Management Inc. (MDFM), the manager of the MD family of mutual funds, announced today that it intends to terminate the MD Global Equity RSP Fund on June 10.

MDFM says the he decision to terminate the fund was made after careful review that considered market and regulatory changes including the increase in foreign content limits to 30%, and the introduction of clone funds since the fund was introduced in 1999.

Effective at close of trading today, the fund will be closed to new purchases. Existing unitholders are being given the opportunity to redeem or switch their units at no cost to other MD mutual funds. On June 10, a terminating transaction will redeem all units of the fund and allocate a prorated share of the cash proceeds to client accounts.

MDFM, an investment management company and a member of the MD group of companies, is a wholly owned subsidiary of the Canadian Medical Association.