TORONTO, June 18, 2021 /CNW/ - TD Asset Management
Inc. ("TDAM") today announced a revision to a notional non-cash
reinvested distribution (a "Notional Distribution") for the TD
Morningstar ESG International Equity Index ETF (TMEI) previously
reported on May 28, 2021.
It was determined that, as at the record date of April 30, 2021, TMEI does not qualify as a mutual
fund trust under the Income Tax Act (Canada) (the "Tax Act"), and is still
considered a financial institution, as such term is defined under
the Tax Act, for purposes of the "mark-to-market" rules contained
in the Tax Act, because more than 50% of the market value of TMEI
is held by one or more financial institutions.
As such, a Notional Distribution will not be paid for TMEI as
previously announced. We apologize for any inconvenience this may
cause.
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Morningstar® Developed Markets ex-North America Sustainability
Extended IndexSM is a service mark of Morningstar, Inc.
and has been licensed for use for certain purposes by TD Asset
Management Inc. The TD Morningstar ESG International Equity Index
ETF (the "TD ETF") is not sponsored, endorsed, sold or promoted by
Morningstar Research Inc. ("Morningstar"), and Morningstar makes no
representation regarding the advisability of investing in the TD
ETF.
TD ETFs are managed by TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank.
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About TD Asset Management Inc.
TD Asset Management (TDAM), a member of TD Bank Group, is a
North American investment management firm. Operating through TD
Asset Management Inc. in Canada
and TDAM USA Inc. in the U.S.,
TDAM brings new thinking to investors' most important challenges.
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
$412 billion in assets as at
March 31, 2021. Assets under
management include TD Asset Management Inc., TDAM USA Inc. and Epoch Investment Partners Inc.
All entities are wholly-owned subsidiaries of The Toronto-Dominion
Bank.
SOURCE TD Asset Management Inc.