Business
TD Asset Management Inc. Announces the Termination of the TD Global Carbon Credit Index ETF
TD Asset Management Inc. Announces the Termination of the TD Global Carbon Credit Index ETF ...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\n\n TD Asset Management Inc. Announces the Termination of the TD Global Carbon Credit Index ETF\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n July 18, 2025\n \n\n /CNW/ - TD Asset Management Inc. (\"TDAM\"), the manager of TD Global Carbon Credit Index ETF (Ticker: TCBN, the \"Terminating ETF\" or the \"TD ETF\"), today announced its intention to voluntarily terminate the TD ETF on or about\n \n October 24, 2025\n \n (the \"Termination Date\").\n \n\n Effective\n \n July 22, 2025\n \n , no further direct subscriptions by authorized participants for units of the Terminating ETF will be accepted by TDAM.\n \n\n Units of the Terminating ETF are anticipated to be voluntarily delisted from the Toronto Stock Exchange (\"TSX\") at the request of TDAM and cease trading following market close on or about\n \n Wednesday, October 22, 2025\n \n , with all units still held by investors being subject to a mandatory redemption as of the Termination Date. Unitholders may continue to buy or sell units of the Terminating ETF on the TSX until the units are delisted.\n \n\n Prior to the Termination Date, TDAM will, to the extent reasonably possible, sell and convert the assets of the Terminating ETF to cash. After paying or making adequate provision for the liabilities and obligations of the Terminating ETF, TDAM will, on or about the Termination Date, distribute the net assets of the Terminating ETF on a pro rata basis among the unitholders of record on the Termination Date based on the net asset value per unit of the Terminating ETF.\n \n\n TDAM will issue an additional press release on or about the Termination Date confirming the final details of the Terminating ETF. Further details of the termination will be mailed to unitholders of the Terminating ETF at least 60 days prior to the Termination Date.\n \n\n For more information regarding the TD ETF, visit\n \n TDAssetManagement.com\n \n .\n \n\n Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the prospectus and ETF Fa...