TD Asset Management, the manager of TD Mutual Funds, plans to terminate the operations of the two mutual funds.
Following two mutual funds that are to terminate on or about October 3, 2014:
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- TD Fixed Income Capital Yield Pool Class
- TD Global High Yield Capital Class
The decision to terminate the funds was made as a result of measures announced in the federal budget in March 2013 which will eliminate tax benefits for certain investment funds, including these funds. These funds have been closed to additional investments since April 5, 2013.
Unitholders or shareholders may redeem or switch their holdings in the funds for settlement on or before the termination date. Beginning today, TDAM will not charge any redemption fees, sales charges or other fees for transactions on these funds.
On or about October 3, 2014, TDAM will liquidate the holdings of the terminating funds at fair market value, determine distributions and distribute the net assets to unitholders or shareholders.
Unitholders or shareholders of the affected funds will be contacted directly with details of the funds’ termination and are encouraged to speak with their financial advisor to discuss their investment options.
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