Ms. Alicia Skrinjar reports
TD ASSET MANAGEMENT INC. ANNOUNCES REVISED DISTRIBUTION FREQUENCY FOR TD GLOBAL HEALTHCARE LEADERS INDEX ETF
Toronto-Dominion Bank's TD Asset Management Inc. (TDAM), the manager of TD Global Healthcare Leaders Index ETF (the TD ETF), has noted that due to an input error, the amount of the distribution declared on March 15, 2024, of 45 cents per unit was higher than the intended distribution of 4.5 cents per unit. The higher distribution amount was paid out to unitholders on April 4, 2024. The excess distribution did not result in a net asset value error, though unitholders received a higher distribution than expected. As a result, TDAM has decided to eliminate distributions for the TD ETF for the remaining three quarterly distribution periods as the expected distribution amount for 2024 has already been exceeded. Unitholders can expect a higher portion of the distribution for 2024 to be a return of capital for tax purposes.
About TD Asset Management Inc.
TD Asset Management, 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 two 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 operates in the United States. Both entities are affiliates and are wholly owned subsidiaries of The Toronto-Dominion Bank.
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