TD Asset Management Inc. (TDAM) will expand its cash flow series options for certain TD Mutual Funds and TD Managed Assets Program (TD MAP) Portfolios, launch new U.S. dollar purchase options for certain TD MAP Portfolios, and introduce the F Series of TD Fixed Income Pool, the company announced Tuesday.<\/p>\n
Cash flow series extensions and U.S. dollar purchase options<\/strong><\/p>\n
The company will launch new FT8 series extensions, seeking to provide an 8% target annualized distribution rate option on select existing fee-based cash flow series, TDAM says in a release.<\/p>\n
Additionally, TDAM will launch new cash flow series extensions for TD U.S. Blue Chip Equity Fund, providing investors with two potential payout rate options of 5% and 8% for the FT5 Series and FT8 Series respectively.<\/p>\n
The series extensions aim to provide more options for investors who are seeking cash flow from their mutual fund investments, TDAM says.<\/p>\n
TDAM will also launch new U.S. dollar purchase options on F-Series and W\u2011Series of certain TD MAP Portfolios to provide investors with additional U.S. dollar investment options to help meet their portfolio needs.<\/p>\n
The series extensions and U.S. dollar purchase options will launch on or about Jan. 29. More information is available in the TDAM news release<\/a>.<\/p>\n