Epoch Announces Assets Under Management of $24.5 Billion
January 04 2013 - 9:22AM
Business Wire
Epoch Investment Partners, Inc., a leading investment manager
and investment adviser and the sole operating subsidiary of Epoch
Holding Corporation (“Epoch” or the “Company”) (Nasdaq: EPHC),
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, aborak@eipny.com or visit
Epoch's website at www.eipny.com.
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 (the "SEC"). 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 www.sec.gov. 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 www.eipny.com. 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, 18th 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.
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