TORONTO, Oct. 20, 2017 /CNW/ - The Toronto-Dominion Bank (TD)
(TSX: TD) announced today the completion of its second share repurchase program (the "Program"), as required by the
conditions of the issuer bid exemption order issued to TD by the Ontario Securities Commission on October
4, 2017 in respect of the Program.
TD purchased an aggregate of 4,400,000 common shares under the Program for an aggregate purchase price of $285.9 million. All common shares acquired under the Program were cancelled upon purchase by TD. The
Program is included as part of TD's amended normal course issuer bid announced on September 18,
2017.
Caution Regarding Forward-Looking Statements
From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements,
including in this document, in other filings with Canadian regulators or the United States
(U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make
forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the
"safe harbour" provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities
legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements made in this document, the Management's Discussion and Analysis ("2016 MD&A") in the Bank's 2016
Annual Report under the heading "Economic Summary and Outlook", for each business segment under headings "Business Outlook and
Focus for 2017", and in other statements regarding the Bank's objectives and priorities for 2017 and beyond and strategies to
achieve them, the regulatory environment in which the Bank operates, and the Bank's anticipated financial performance.
Forward-looking statements are typically identified by words such as "will", "would", "should", "believe", "expect",
"anticipate", "intend", "estimate", "plan", "goal", "target", "may", and "could".
By their very nature, these forward-looking statements require the Bank to make assumptions and are subject to inherent risks
and uncertainties, general and specific. Especially in light of the uncertainty related to the physical, financial, economic,
political, and regulatory environments, such risks and uncertainties – many of which are beyond the Bank's control and the
effects of which can be difficult to predict – may cause actual results to differ materially from the expectations expressed in
the forward-looking statements. Risk factors that could cause, individually or in the aggregate, such differences include:
credit, market (including equity, commodity, foreign exchange, and interest rate), liquidity, operational (including technology
and infrastructure), reputational, insurance, strategic, regulatory, legal, environmental, capital adequacy, and other risks.
Examples of such risk factors include the general business and economic conditions in the regions in which the Bank operates; the
ability of the Bank to execute on key priorities, including the successful completion of acquisitions and dispositions, business
retention plans, and strategic plans and to attract, develop and retain key executives; disruptions in or attacks (including
cyber-attacks) on the Bank's information technology, internet, network access or other voice or data communications systems or
services; the evolution of various types of fraud or other criminal behaviour to which the Bank is exposed; the failure of third
parties to comply with their obligations to the Bank or its affiliates, including relating to the care and control of
information; the impact of new and changes to, or application of, current laws and regulations, including without limitation tax
laws, risk-based capital guidelines and liquidity regulatory guidance; exposure related to significant litigation and regulatory
matters; increased competition, including through internet and mobile banking and non-traditional competitors; changes to the
Bank's credit ratings; changes in currency and interest rates (including the possibility of negative interest rates); increased
funding costs and market volatility due to market illiquidity and competition for funding; critical accounting estimates and
changes to accounting standards, policies, and methods used by the Bank; existing and potential international debt crises; and
the occurrence of natural and unnatural catastrophic events and claims resulting from such events. The Bank cautions that the
preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank's results.
For more detailed information, please refer to the "Risk Factors and Management" section of the 2016 MD&A, as may be updated
in subsequently filed quarterly reports to shareholders and news releases (as applicable) related to any transactions or events
discussed under the heading "Significant Events" in the relevant MD&A, which applicable releases may be found on www.td.com. All such factors should be considered carefully, as well as other
uncertainties and potential events, and the inherent uncertainty of forward-looking statements, when making decisions with
respect to the Bank and the Bank cautions readers not to place undue reliance on the Bank's forward-looking statements.
Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2016
MD&A under the headings "Economic Summary and Outlook", and for each business segment, "Business Outlook and Focus for 2017",
each as may be updated in subsequently filed quarterly reports to shareholders.
Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are
presented for the purpose of assisting the Bank's shareholders and analysts in understanding the Bank's financial position,
objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may
not be appropriate for other purposes. The Bank does not undertake to update any forward-looking statements, whether written or
oral, that may be made from time to time by or on its behalf, except as required under applicable securities legislation.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the
sixth largest bank in North America by branches and serves more than 25 million customers in
three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD
Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance;
U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD
Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services
firms, with approximately 11.5 million active online and mobile customers. TD had $1.2 trillion in
assets on July 31, 2017. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group
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