MD Financial Management Announces Termination of Series T Units of MD Funds and MDPIM Pools

OTTAWA, June 23, 2017 /CNW/ - MD Financial Management Inc., owned by the Canadian Medical Association, today announced that it will terminate Series T of the following MD funds and MDPIM pools on August 25, 2017:

• MD American Growth Fund
• MD American Value Fund
• MD Balanced Fund
• MD Dividend Growth Fund
• MD Dividend Income Fund
• MD Equity Fund
• MD International Growth Fund
• MD International Value Fund
• MD Select Fund
• MDPIM Canadian Equity Pool
• MDPIM Dividend Pool
• MDPIM Emerging Markets Equity Pool
• MDPIM International Equity Pool
• MDPIM US Equity Pool

Terminating Series T will enable MD to devote more focus and resources to its ongoing strategy of finding innovative ways to better meet the needs of all its clients.

"All affected clients have been notified by letter about the termination of Series T, and MD Advisors and Portfolio Managers are providing information about the investment options available to them, including transferring to Series A of the same mutual fund or MDPIM pool," said Mike Gassewitz, MD's Executive Vice President, Member Solutions. "Whatever option clients choose, they can be sure that they will continue to receive the same expert advice, quality service and steadfast commitment to their financial well-being that is the hallmark of dealing with MD."

Any clients who have not transferred out of Series T by August 25, 2017, will automatically be transferred into Series A of the same MD mutual fund or MDPIM pool on that day. A switch from Series T to Series A of the same mutual fund trust or MDPIM pool will be treated on a tax-deferred basis, with no capital gain or loss arising from the transaction.

About MD Financial Management Inc.
Owned by the Canadian Medical Association, MD has one main goal: to help Canada's physicians achieve financial well-being.

MD has more than $45 billion in assets under administration and is dedicated to serving Canada's physicians and their families. It provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.

SOURCE MD Financial Management

Media Contact: Victoria Savoy, Communications Specialist, MD Financial Management, [email protected], 613 325-4293