(October 10 – 11:10 ET) – TD Asset Management Inc., the sixth largest mutual fund company in Canada, has announced that following the close of business on Friday, the TD Green Line family of no-load mutual funds and the Canada Trust mutual fund family were combined to form TD Mutual Funds.
Several TD Green Line and Canada Trust mutual funds and portfolios were merged as part of the integration. Required unitholder approvals were obtained at special meetings held on August 18 in Toronto. Regulatory approval for the mergers was also received in August.
“We’re pleased to be able to present our customers with the newly named TD Mutual Funds, a fund family we believe offers them a diverse, high quality selection of mutual fund investments, ” said Steve Geist, Vice President, TD Asset Management Inc.
Nine fund mergers resulted inn the following funds:
TD Canadian Money Market Fund; TD Canadian Bond Fund; TD Global RSP Bond Fund
TD Monthly Income Fund; TD Mortgage Fund; TD Balanced Income Fund; TD Emerging Markets Fund; TD Canadian Index Fund; TD US Index Fund Fund.
The merger of the Canada Trust Investment Portfolios into the Green Line Managed Asset Program have been concluded as well. The program, to be known as the TD Managed Assets Program, provides unitholders with even broader choice plus cost efficiencies associated with the elimination of duplicate products and funds, says TD.
Unitholder investments in a discontinuing fund or portfolio have been exchanged on a dollar-for-dollar basis for securities of the continuing fund or portfolio. Distribution of year-to-date income and gains occurred as a result of the fund mergers. The unit prices of some funds and portfolios have changed and the number of units held by each investor in these funds has also changed, but the market value of their investment remains the same.
Unit prices published tomorrow, October 11, and will reflect these changes. Questions about these changes should be directed to the TD Investment Centre line at 1-800-268-8166.
-IE Staff