TORONTO, Feb. 27, 2019 /CNW/ - TD Asset Management Inc. ("TDAM") today announced a revision to the final annual 2018 reinvested distributions for the TD U.S. Equity CAD Hedged Index ETF (the "TD ETF") previously reported on December 21, 2018. Cash distributions for December 2018 were distributed and reported separately.
Unitholders of record on December 31, 2018, will receive a notional distribution for the 2018 tax year as set out below for the TD ETF. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution and the number of units held after the distribution is identical to the number of units held before the distribution.
The actual taxable amounts of reinvested and cash distributions for 2018, including the tax characteristics of the distributions, will be reported to brokers via CDS Clearing and Depository Services within the first 60 days of 2019.
Details of the revised per unit reinvested distribution are as follows:
TD U.S. Equity CAD Hedged
For more information regarding TD Exchange-Traded Funds (the "TD ETFs"), visit TDAssetManagement.com
The TD U.S. Equity CAD Hedged Index ETF (the "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 US Large Cap Hedged to CAD Index (CA NTR) (the "Index") and/or any trade mark(s) associated with the Index or the prices 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 are calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Indices to third parties including but not limited to investors and/or financial intermediaries of the TD ETF. Neither publication of the Indices by Solactive AG nor the licensing of the Indices or any trade mark(s) associated with the Indices for the purpose of use in connection with the TD ETF constitutes a recommendation by Solactive AG to invest capital in said TD ETF nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this TD ETF.
Certain statements in this document may contain forward-looking statements ("FLS") that are predictive in nature and may include words such as "expects", "anticipates", "intends", "believes", "estimates" and similar forward-looking expressions or negative versions thereof. FLS are based on current expectations and projections about future general economic, political and relevant market factors, such as interest and foreign exchange rates, equity and capital markets, the general business environment, assuming no changes to tax or other laws or government regulation or catastrophic events. Expectations and projections about future events are inherently subject to risks and uncertainties, which may be unforeseeable. Such expectations and projections may be incorrect in the future. FLS are not guarantees of future performance. Actual events could differ materially from those expressed or implied in any FLS. A number of important factors including those factors set out above can contribute to these digressions. You should avoid placing any reliance on FLS.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and summary document(s) 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 ETFs are managed by TDAM, a wholly-owned subsidiary of The Toronto-Dominion Bank.
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 $366.9 billion in assets as at December 30, 2018. Assets under management include TD Asset Management Inc., TDAM USA Inc., Epoch Investment Partners Inc. and TD Greystone Asset Management. TD Greystone Asset Management represents Greystone Managed Investments Inc., a wholly-owned subsidiary of Greystone Capital Management Inc. All entities are wholly-owned subsidiaries of The Toronto-Dominion Bank.
SOURCE TD Asset Management Inc.