TD Asset Management Inc. announces changes to the TD Emerald Treasury Management Fund Line-Up
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TORONTO, Feb. 2, 2012 /CNW/ - TD Asset Management Inc. (TDAM) today announced plans to terminate the TD Emerald U.S. Dollar Treasury Management Fund. Effective February 2, 2012, the TD Emerald U.S. Dollar Treasury Management Fund (the Fund) will cease offering units for purchase. The Fund will be terminated on or about April 10, 2012.
The Fund is being terminated as TDAM is streamlining the TD Emerald Treasury Management Funds offering. Unitholders may redeem or switch their holdings of the Fund for settlement on or prior to the termination date. TDAM will sell the holdings of the Fund at fair market value, determine distributions and, on or about April 10, 2012, distribute the net assets to remaining unitholders.
Unitholders of the Fund will be contacted and provided with additional information on the termination. Unitholders are encouraged to speak with their relationship managers to discuss their investment options.
About TD Asset Management
TD Asset Management Inc. is a fully integrated North American investment manager, with C$189 billion in assets under management as of October 31, 2011. TD Asset Management offers investment solutions to corporations, pension funds, endowments, foundations and high net worth individuals. A cornerstone of the success of TD Asset Management's investment strategies has been the firm's disciplined and risk-controlled approach to investment, along with its ability to innovate progressive solutions that meet clients' changing needs and objectives.