News & information archive
November 22, 2010
MD Physician Services Inc. announces the creation of a new series of units for certain MD Funds and Pools
OTTAWA, October 25, 2010—The Board of Directors of MD Physician Services Inc. 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, 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 added to 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. In addition, the new series will be available for the following existing MDPIM pools: the 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.
Contact
Siobhaun Williams, Manager
siobhaun.williams@cma.ca
1-800-663-7336, ext.4562
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MD Physician Services includes, MD Physician Services Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited and MD Practice Software LP.
