TD Bank Group Announces Repurchase of Non-Cumulative Five-Year Rate Reset Class A First Preferred Shares, Series 14 (NVCC)

TORONTO, September 24, 2021 / CNW / – The Toronto-Dominion Bank (“TD Bank Group” or “TD”) today announced that it will exercise its right to redeem all of its 40,000,000 Class A First Preferred Shares Non-Cumulative Five-Year Rate Reset, Series 14 (Non-Viable Conditional Capital) (the “Series 14 Shares”) on October 31, 2021 at the price of $ 25.00 per Series 14 share for an aggregate total of approximately $ 1 billion.

At August 26, 2021, TD announced that dividends from $ 0.303125 per Series 14 share had been declared. These will be final dividends on the Series 14 Shares and will be paid in the usual manner on October 31, 2021 to shareholders of record on October 8, 2021, as previously announced. After October 31, 2021, the Series 14 Shares will cease to be entitled to dividends and the only remaining rights of the holders of such shares will be to receive payment of the redemption amount.

Beneficial holders who are not directly registered holders of Series 14 Shares should contact the financial institution, broker or other intermediary through which they hold such shares to confirm how they will receive the redemption proceeds. . Inquiries should be directed to our registrar and transfer agent, AST Trust Company (Canada), 1-800-387-0825 (or 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 in terms of assets and serves more than 26 million customers at three key companies operating in a number of locations in financial centers around the world: Canadian Retail, including including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; US Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) and an investment in The Charles Schwab Corporation; and Wholesale Banking Services, including TD Securities. TD is also one of the world’s leading online financial services companies, with more than 15 million active online and mobile customers. TD had CA $ 1.7 trillion in assets as of July 31, 2021. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York stock exchanges.

SOURCE TD Bank Group

For further information: Gillian Manning, Chief Investor Relations Officer, 416-308-6014; Natasha Ferrari, Media Relations, [email protected], 416-400-9098.

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