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In anticipation of this termination, TDAM goals to transform the ETFs’ holdings into money, addressing any liabilities and obligations previous to distributing the residual internet belongings professional rata to unitholders based mostly on every ETF’s internet asset worth per unit on the termination date. An ensuing press launch close to the termination date will present additional specifics of this course of.
This strategic transfer is consistent with TDAM’s ongoing analysis and optimization of its product lineup, the agency mentioned.. “It’s essential for us to constantly evaluate our choices and alter in response to the altering wants of our buyers and market dynamics,” a TDAM consultant added in a press release.
Buyers holding items within the terminating ETFs will likely be knowledgeable concerning the termination steps, together with a discover dispatched not less than two months earlier than the termination date.
This announcement follows carefully on the heels of TDAM’s enlargement in its mounted earnings portfolio, introducing six new actively managed ETFs, particularly the TD Goal Maturity Bond ETFs (TD TMB ETFs).
The TD TMB ETF sequence encompasses: TD Goal 2025, 2026, and 2027 Funding Grade Bond ETFs (TBCE, TBCF, TBCG) focusing on Canadian bonds, together with TD Goal 2025, 2026, and 2027 US Funding Grade Bond ETFs (TBUE.U, TBUF.U, TBUG.U) for American bonds.
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