MD Funds Management, the manager of the MD family of mutual funds, announced today that it intends to terminate the MD Growth RSP Fund and the MD U.S. Large Cap Growth RSP Fund on September 23.

The MD Funds board of directors approved the decision on August 24. The decision to terminate the funds is a result of the approval of Bill C-43 by the Federal Government, which eliminates the foreign content limits on registered retirement investment plans, thereby making RSP “clone” funds obsolete.

As part of the termination process new sales into the RSP funds will be suspended at closing on September 21.

On September 23, MD Funds will terminate the RSP funds and distribute the prorated share of units of the underlying fund to client accounts. Investors are not required to take any action as a result of the MD RSP fund elimination. However, clients with pre- authorized contributions, systematic withdrawals and other regularly scheduled transactions will be asked for reallocation instructions prior to the termination date. After termination the default will be set to the client’s cash position pending further client instructions.