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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,844,212,331
Close 2014-09-17 C$ 57.35
Market Cap C$ 105,765,577,183
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TD Bank to redeem Class A preferreds, Series O

2014-09-18 17:30 ET - News Release

Mr. Rudy Sankovic reports

TD BANK GROUP ANNOUNCES REDEMPTION OF CLASS A FIRST PREFERRED SHARES, SERIES O

Toronto-Dominion Bank will exercise its right to redeem all of its 17 million outstanding Class A first preferred shares, Series O, on Oct. 31, 2014, at the price per share of $25, for a total of approximately $425-million. On Aug. 28, 2014, the board of directors of TD declared quarterly dividends of 30.3125 cents per Series O share. These will be the final dividends on the Series O shares and will be paid in the usual manner on Oct. 31, 2014, to shareholders of record on Oct. 8, 2014, as previously announced. After Oct. 31, 2014, the Series O shares will cease to be entitled to dividends and the holders of such shares will not be entitled to exercise any right in respect thereof except that of receiving the redemption amount.

Beneficial holders who are not directly the registered holder of Series O 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. Instructions with respect to receipt of the redemption amount will be set out in the letter of transmittal to be mailed to registered holders of the Series O shares shortly. Inquiries should be directed to TD's registrar and transfer agent, CST Trust Company, at 1-800-387-0825 (or in Toronto, 416-682-3860).

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