Epoch Investment Partners, Inc., a leading investment manager and investment adviser and the sole operating subsidiary of Epoch Holding Corporation (“
” or the “Company”) (Nasdaq:
), today announced that its assets under management (“AUM”) were approximately $24.5 billion as of December 31, 2012, an increase of 1% from $24.2 billion as of September 30, 2012.
"Market appreciation outside the U.S. was the primary contributor to the rise in assets under management last quarter,” stated William W. Priest, Chief Executive Officer. "While ultra-low interest rates and asset purchases by the world’s major central banks continued to push up valuation multiples, we think future gains will be more dependent on an underlying improvement in business fundamentals.”
As previously announced on December 6, 2012, Epoch Holding Corporation entered into a merger agreement with The Toronto-Dominion Bank (“TD”) whereby Epoch will become an indirect wholly-owned subsidiary of TD. This transaction, which is subject to the approval of Epoch's stockholders and satisfaction of other customary closing conditions, is expected to close in the first half of 2013.
About Epoch Holding Corporation
Epoch Holding Corporation conducts its operations through Epoch Investment Partners, Inc., a wholly-owned subsidiary and a registered investment adviser under the Investment Advisers Act of 1940, as amended. Investment management and investment advisory services are the Company's sole line of business. Headquartered in New York, the Company's investment strategies include U.S. Equity (All Cap, Large Cap, SMID Cap and Small Cap Value; Choice and Shareholder Yield), Global Equity (Shareholder Yield, Choice, Absolute Return and Small Cap) and International Small Cap.
For more information about Epoch contact Adam Borak at Epoch Investment Partners, Inc. (212) 400-4708,
or visit Epoch's website at
Cautionary Statement Regarding Forward-Looking Statements
This communication contains certain statements that may be considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995.
In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about Epoch and may include projections of Epoch’s future financial performance based on Epoch’s anticipated growth strategies and trends in Epoch’s business. These statements are only predictions based on Epoch’s current expectations and projections about future events. There are important factors that could cause Epoch’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the failure to receive, on a timely basis or otherwise, the required approvals by Epoch's stockholders and governmental or regulatory agencies relating to the proposed merger transaction with TD; the risk that a condition to closing of the proposed transaction with TD may not be satisfied; Epoch's ability to consummate the proposed transaction with TD; operating costs and business disruption may be greater than expected; the ability of Epoch to retain and hire key personnel and maintain relationships with business partners pending consummation of the proposed transaction; and the impact of legislative, regulatory and competitive changes and other risk factors relating to the industries in which Epoch operates, as detailed from time to time in Epoch's
reports filed with the Securities and Exchange Commission
There can be no assurance that the proposed transaction with TD will in fact be consummated.
These risks and uncertainties are not exhaustive. Additional information about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A
in Epoch’s Annual Report on Form 10-K for the fiscal year ended June 30, 2012 and Item 1.A in Epoch's most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. All subsequent written and oral forward-looking statements concerning the proposed transaction with TD or other matters attributable to Epoch or any other person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Neither Epoch nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.
The forward-looking statements speak only as of the date of this communication.
Epoch is not under any duty to update any of these forward-looking statements after the date of this communication, nor to conform Epoch’s prior statements to actual results or revised expectations, and Epoch does not intend to do so.
Additional Information and Where to Find It
This communication is being made in respect of the proposed transaction involving Epoch and TD. The proposed transaction will be submitted to the stockholders of Epoch for their consideration. In connection with the proposed transaction, Epoch will prepare a proxy statement to be filed with the SEC. Epoch and TD plan to file with the SEC other documents regarding the proposed transaction. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The definitive proxy statement will be mailed to Epoch's stockholders. You may obtain copies of all documents filed with the SEC concerning the proposed transaction, free of charge, at the SEC’s website at
. In addition, stockholders may obtain free copies of the documents filed with the SEC by Epoch through the Investor Relations section of our website, and the “Financial Information” tab therein.
The website address is
The information on our website is not, and shall not be deemed to be a part hereof or incorporated into this or any other filings with the SEC.
You may also send a written request to our Corporate Secretary at Epoch Holding Corporation, 640 Fifth Avenue, 18
Floor, New York, New York 10019, Attn: Corporate Secretary, or by calling the Corporate Secretary at (212) 303-7200.
Interests of Participants
Epoch and TD and each of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Epoch in connection with the proposed transaction. Information regarding Epoch's directors and executive officers is set forth in Epoch's Proxy Statement for its 2012 Annual Meeting of Stockholders and its Annual Report on Form 10-K for the fiscal year ended June 30, 2012, which were filed with the SEC on October 18, 2012 and September 10, 2012, respectively. Information regarding TD's directors and executive officers is set forth in TD's Annual Report for the fiscal year ended October 31, 2012. Additional information regarding persons who may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction will be contained in the proxy statement to be filed by Epoch with the SEC when it becomes available.