Skip to main content

TORONTO, Dec. 14 /CNW/ - TD Asset Management Inc. (TDAM) today announced plans to terminate operations of the TD Private North American Equity Fund (the "Fund"). Effective today, the Fund will cease offering units for purchase and will be terminated on or about February 26, 2010.

The Fund is being terminated as TDAM is streamlining the TD Private Funds offering.

Unitholders may redeem or switch their holdings in the Fund for settlement on or prior to the termination date. TDAM will liquidate the holdings of the Fund at fair market value, determine distributions and, on or about February 26, 2010, distribute the net assets to remaining unitholders.

Unitholders of the Fund will be contacted and provided with information outlining details of the termination. Private Investment Counsel portfolio managers will work with their clients to determine alternative investment solutions.

About TD Asset Management

TD Asset Management Inc. is one of Canada's largest investment management firms, with leading market positions in active, enhanced and indexed portfolio management. It is a fully integrated investment management business that offers its clients a wide range of investment options, including mutual funds, pooled investment funds and segregated investment accounts. As of March 31, 2009, TD Asset Management Inc. and its affiliates had over C$172.6 billion in assets under management for pension, insurance, endowment/foundation and corporate clients, as well as for high-net worth clients and retail mutual funds.

Under TD Private Funds, TDAM manages approximately $14.0 billion (CDN) in assets. TD Waterhouse Private Investment Counsel is one of Canada's largest private client money management firms. TD Waterhouse Private Investment Counsel's extensive network of professional portfolio managers provide discretionary investment management services to high net worth individuals and their families, small and mid-size corporations, charitable organizations and foundations, and executors and trustees from coast to coast.

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.