MD Physician Services Inc. announces the creation of a new series of units
for certain of the MD Funds and MDPIM Pools
OTTAWA, Oct. 26 /CNW/ - The Board of Directors of MD Physician Services Inc. (MD) has announced the creation of a new series of units to be issued by the MD family of mutual funds and MDPIM family of pool funds (the "MD Funds"), to be called series T. The company also announced changes in the nomenclature used to describe the different types of units issued by the MD Funds, from "class" of units to "series" of units.
The new series T units will offer Canadian physicians, and their families, exciting new tax-efficient investment solutions. The series T units will generate steady tax-efficient cash flow that does not increase taxable income or impact certain benefits such as Old Age Security.
The new series T units will be issued by the following existing MD investment solutions; MD Balanced Fund, MD Dividend Fund, MD Income & Growth Fund, MD Equity Fund, MD Select Fund, MD American Value Fund, MD American Growth Fund, MD International Value Fund and MD International Growth Fund, MDPIM International Equity Pool, MDPIM US Equity Pool, MDPIM Dividend Pool and the MDPIM Canadian Equity Pool.
About MD Physician Services Inc.
MD Physician Services Inc., with assets under administration of $27 billion, as of October 8, 2010, is dedicated to serving the financial and practice needs of its physician and family member clients through a comprehensive offering of products and services. MD Physician Services Inc. is wholly owned by CMA Holdings (2009) Incorporated. More information can be found at md.cma.ca.
For further information: Siobhaun Williams, Manager, [email protected], 1-800-663-7336, ext.4562
Share this article