03:19:37 EDT Mon 29 Apr 2024
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or Name
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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,772,819,094
Close 2024-03-12 C$ 81.53
Market Cap C$ 144,537,940,734
Recent Sedar Documents

TD Bank to redeem Series 22 shares

2024-03-12 17:36 ET - News Release

Ms. Brooke Hales reports

TD BANK GROUP ANNOUNCES REDEMPTION OF NON-CUMULATIVE 5-YEAR RATE RESET CLASS A FIRST PREFERRED SHARES, SERIES 22 (NVCC)

The Toronto-Dominion Bank will exercise its right to redeem all of its 14 million outstanding non-cumulative five-Year rate reset Class A first preferred shares, Series 22 (non-viability contingent capital), on April 30, 2024, at the price of $25.00 per Series 22 share for an aggregate total of approximately $350-million. The redemption has been approved by the Office of the Superintendent of Financial Institutions.

On Feb. 29, 2024, TD announced that dividends of 32.5 cents per Series 22 share had been declared. These will be the final dividends on the Series 22 shares, and will be paid in the usual manner on April 30, 2024, to shareholders of record on April 9, 2024, as previously announced. After April 30, 2024, the Series 22 shares will cease to be entitled to dividends and the only remaining rights of holders of such shares will be to receive payment of the redemption amount.

Beneficial holders who are not directly the registered holder of Series 22 shares should contact the financial institution, broker or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds. Inquiries should be directed to the bank's registrar and transfer agent, TSX Trust Company, at 1-800-387-0825 (or in Toronto 416-682-3860).

About Toronto-Dominion Bank

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth-largest bank in North America by assets and serves over 27.5 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian personal and commercial banking, including TD Canada Trust and TD Auto Finance Canada; U.S. retail, including TD Bank, America's most convenient bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in The Charles Schwab Corp.; wealth management and insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and wholesale banking, including TD Securities and TD Cowen. TD also ranks among the world's leading online financial services firms, with more than 17 million active on-line and mobile customers. TD had $1.91-trillion in assets on Jan. 31, 2024. The Toronto-Dominion Bank trades under the symbol TD on the Toronto and New York stock exchanges.

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