TORONTO, March 4 /CNW/ - The Toronto-Dominion Bank ("TD") today announced
that a group of underwriters led by TD Securities Inc. has exercised the
option to purchase an additional 2 million Non-cumulative Class A First
Preferred Shares, Series R (the "Series R Shares") carrying a face value of
$25.00 per share. This brings the total issue announced on March 3, 2008, and
expected to close March 12, 2008, to 10 million shares and gross proceeds
raised under the offering to $250 million.
The Series R Shares will yield 5.60% per cent annually and are redeemable
by TD for cash, subject to regulatory consent, at a declining premium after
approximately five years. TD has filed in Canada a prospectus supplement to
its January 11, 2007 base shelf prospectus in respect of this issue.
The securities offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell securities in the United States.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust; Wealth Management, including TD Waterhouse and an
investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD
Banknorth; and Wholesale Banking, including TD Securities. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. TD Bank Financial Group had
CDN$435 billion in assets as of January 31, 2008. The Toronto-Dominion Bank
trades on the Toronto and New York Stock Exchanges under the symbol "TD", as
well as on the Tokyo Stock Exchange.
For further information:
For further information: John van Boxmeer, Associate Vice President,
Capital Finance, (416) 308-7309; or Nicholas Petter, Manager, Corporate and
Public Affairs, (416) 308-1861