TORONTO, June 5, 2018 /CNW/ - The
Toronto-Dominion Bank ("TD Bank Group" or "TD") announced today that it will exercise its right to redeem all of its 5,387,491
outstanding Non-cumulative Class A First Preferred Shares, Series S (the "Series S Shares") on July 31,
2018 at the price of $25.00 per Series S Share, for an aggregate total of approximately
$135 million.
TD also announced that it will exercise its right to redeem all of its 4,612,509 outstanding Non-cumulative Class A First
Preferred Shares, Series T (the "Series T Shares") on July 31, 2018 at the price of $25.00 per Series T Share, for an aggregate total of approximately $115
million.
On May 24, 2018, TD announced that dividends of $0.2106875 per
Series S Share and $0.16787500 per Series T Share had been declared. These will be the final
dividends on the Series S Shares and Series T Shares, respectively, and will be paid in the usual manner on July 31, 2018 to shareholders of record on July 10, 2018, as previously
announced. After July 31, 2018, the Series S Shares and Series T 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.
With the announcement of the redemption of the Series S Shares and Series T Shares, the right of any holder of Series S Shares
or Series T Shares to convert such shares will cease and terminate.
Beneficial holders who are not directly the registered holder of Series S Shares or Series T 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 our Registrar and Transfer Agent, AST Trust Company (Canada), at 1-800-387-0825 (or in Toronto 416-682-3860).
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD"). 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 12 million active online and mobile customers. TD had $1.3 trillion in assets on
April 30, 2018. 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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