TD Asset Management Inc. Announces Notional TD ETF Distributions

TORONTO, June 19, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced notional non-cash reinvested distributions (each, a "Notional Distribution") for the TD Global Technology Leaders CAD Hedged Index ETF ("TECX"). A Notional Distribution occurs when a distribution from an ETF is made in the form of units and is then immediately consolidated with the units held prior to the distribution, such that the total number of units held after the distribution is identical to the number of units held prior to the distribution.

The Notional Distributions have been made to all TECX unitholders of record as indicated in the table below:

Up until March 31, 2024, the TD Global Technology Leaders CAD Hedged Index ETF did not qualify as a mutual fund trust under the Income Tax Act (Canada) (the "Tax Act"). TECX was considered a unit trust as such term is defined under the Tax Act. For the purpose of the "mark-to-market" rules contained in the Tax Act, because more than 50% of the market value of TECX was held by one or more financial institutions as at the record date indicated above, it was determined that TECX was now considered a financial institution as defined under the Tax Act.

The Tax Act contains special rules for determining the income of financial institutions, including but not limited to the realization of all unrealized gains or losses on mark-to-market property held by the financial institution on the income account at the end of any given tax year. In acknowledging this change of status, TECX was required to recognize a deemed year-end for tax purposes and distribute any net income and net realized capital gains earned or realized up until the deemed year end (reflected by the record date indicated above).

In early 2025, the tax characteristics of all distributions for 2024 for TECX will be reported to brokers via the Canadian Depository for Securities ("CDS").

For more information regarding TD ETFs, visit TDAssetManagement.com.

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $454 billion in assets. Aggregate statistics are as of March 31, 2024 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank.

Commissions, management fees and expenses all may be associated with investments in exchange- traded funds (ETFs). Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.

TD Global Technology Leaders CAD Hedged Index ETF ("TD ETF") is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Solactive Global Technology Leaders Hedged to CAD Index (CA NTR) ("Index") and/or any trade mark(s) associated with the Index or the price of the Index at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly.

TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank.

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SOURCE TD Asset Management Inc.