TORONTO, June 5, 2020 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds, today announced its intention to terminate the following fund and fund series (the "Terminating Securities") on or about August 25, 2020, to simplify its offering line-up and continue to deliver value to its clients:

• TD International Growth Fund
• H5, T5, FT5 and FT8 Series of:
• TD Advantage Balanced Income Portfolio
• TD Advantage Balanced Portfolio
• TD Advantage Balanced Growth Portfolio

(collectively, the "TD Advantage Portfolios")

Effective today, the TD International Growth Fund will no longer accept additional purchases, including purchases made through Pre‑Authorized Purchase Plans and Pre-Authorized Contribution Plans. The TD Advantage Portfolios were previously closed to all purchases.

Securityholders of the Terminating Securities are encouraged to contact their investment professional to discuss the terminations and their investment options. Securityholders may redeem or switch their holdings in a Terminating Security for settlement on, or prior to, the close of business on August 25, 2020 in accordance with the Terminating Securities' simplified prospectus. TDAM will not charge securityholders any short-term trading fees, switch fees, sales charges or other fees related to the Terminating Securities terminations.

On or about August 25, 2020, TDAM will liquidate the holdings of the TD International Growth Fund at fair market value, determine distributions and distribute the net assets to securityholders.

If securityholders of the Terminating Securities choose not to redeem or switch the securities held in a registered account on or before the termination date, the proceeds from the termination of the securities will be switched to the applicable series of TD Canadian Money Market Fund with the equivalent load type and commission structure.

If securityholders of the Terminating Securities choose not to redeem or switch the securities held in a non-registered account on or before the termination date, the proceeds from the termination of the securities will be deposited to the bank account on file or, where bank account information is unavailable, a cheque will be issued and mailed to the securityholder. A transaction confirmation will be mailed shortly after the termination date.

A notice will be sent to each securityholder of the Terminating Securities regarding the terminations.

About TD Asset Management Inc.
TD Asset Management Inc. ("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 $354 billion in assets as at March 31, 2020. Assets under management include TD Asset Management Inc., TDAM USA Inc. and Epoch Investment Partners Inc. All entities are wholly-owned subsidiaries of The Toronto-Dominion Bank.

The information contained herein has been provided by TDAM and is for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.

TD Mutual Funds and the TD Managed Assets Program portfolios are managed by TDAM, a wholly-owned subsidiary of The Toronto-Dominion Bank and are available through authorized dealers.

TD Mutual Funds Corporate Class funds are issued by TD Mutual Funds Corporate Class Ltd.

^® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

SOURCE TD Asset Management Inc.