TD Asset Management Inc. today announced plans to terminate and liquidate the TD Exchange-Traded Funds by March 13, 2006.

The following funds trading on the Toronto Stock Exchange will be affected:

  • TD S&P/TSX Composite Index Fund (TSX: TTF);
  • TD S&P/TSX Capped Composite Index Fund (TSX: TCF);
  • TD Select Canadian Growth Index Fund (TSX: TAG); and
  • TD Select Canadian Value Index Fund (TSX: TAV)

Effective Dec. 13, 2005, subscription orders for new units of the funds will no longer be accepted.

Redemption orders for baskets of shares and for cash will be processed until termination date.

The outstanding units of the funds will continue to be listed and posted for trading on the TSX. Units may be purchased or sold on the TSX in the ordinary course of business until the close of market on the termination date, either through registered brokers or participating dealers.

TD said the decision to terminate the funds was based on a lack of investor interest in the funds and low trading volumes since their creation.

A formal notice will be sent to the unitholders.