TORONTO, March 19, 2021 /CNW/ - The Toronto-Dominion Bank
("TD Bank Group" or "TD") announced today that it will exercise its
right to redeem all of its 28,000,000 outstanding Non-Cumulative
5-Year Rate Reset Class A First Preferred Shares, Series 12
(Non-Viability Contingent Capital) (the "Series 12 Shares") on
April 30, 2021 at the price of
$25.00 per Series 12 Share for an
aggregate total of approximately $700
million.
On February 25, 2021, TD announced
that dividends of $0.34375 per Series
12 Share had been declared. These will be the final dividends
on the Series 12 Shares, and will be paid in the usual manner on
April 30, 2021 to shareholders of
record on April 9, 2021, as
previously announced. After April 30,
2021, the Series 12 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 12 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" or the "Bank"). TD is the fifth
largest bank in North America by
assets and serves over 26 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 The Charles Schwab
Corporation; and Wholesale Banking, including TD Securities. TD
also ranks among the world's leading online financial services
firms, with more than 14 million active online and mobile
customers. TD had $1.7 trillion in
assets on January 31, 2021. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group