May 21, 2002
Ms. Bonnie Tough
1986-1990 Hepatitis C Settlement Trust Fund
c/o Hodgson Tough Shields DesBrisay O'Donnell
Barristers & Solicitors
Suite 550, 36 Toronto Street
Toronto, Ontario M5C 2C5
Dear Ms. Tough,
Please find a summary of the expenses for the year commencing April 1, 2001
and ending March 31, 2002 for the three 1986-1990 Hepatitis C Settlement Trust
Fund accounts. You will also find a proposed budget for the year April 1,
2002 to March 31, 2003 and an update on TD Asset Management's activity over
the past year.
1. Total fees charged (including tax) to the Fund for the past year were as
follows:
|
|
|
Quarter End September 2001
|
Quarter End December 2001
|
|
E5050 |
1986-90 Hepatitis C STF - Real |
|
|
|
|
E5060 |
1986-90 Hep C STF - ST Bonds |
|
|
|
|
E5065 |
1986-90 Hep C STF – Other |
|
|
|
|
Total |
|
|
|
|
|
Total fees charged for the past year were $203,573.31 and were within the
budget set out for the year.
2. Our estimate of the total projected fees to be charged from April 1, 2002
to March 31, 2003 is unchanged from the prior year's estimate of $263,004.00.
This allows for market appreciation after a volatile year in the capital markets.
3. Update on TD Asset Management
TD Quantitative Capital is a division of TD Asset Management Inc., a wholly-owned
subsidiary of The Toronto-Dominion Bank. We specialize in indexed and quantitative
investment management across all major asset classes, with over $55 billion
in assets under management. As Canada's pre-eminent indexer, TDQC has been
setting the standard of passive and quantitative management in Canada. Strong
and consistent performance, financial stability, competitive pricing and excellent
servicing are the qualities that TD Quantitative Capital offers in the management
of the 1986-1990 Hepatitis C Settlement Trust Fund accounts.
Client service has been delivered to 1986-1990 Hepatitis C Settlement Trust
Fund accordingly.
Daily
Please contact me if you have any questions or require further information.
I can be reached at (416) 308-9908. Alternatively, Michael Peck can be contacted
at (416) 982-4433
Sincerely yours,
Anthony Haynes
Associate, Marketing and Client Services
Cc Michael Peck, CFA
Bruce Geddes, CFA
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