Mr. Rudy Sankovic reports
TD BANK GROUP ANNOUNCES EXERCISE OF UNDERWRITERS' OPTION ON PREFERRED SHARE ISSUE
In connection with Toronto-Dominion Bank's recently announced public offering of 12 million 3.6-per-cent, non-cumulative, five-year, rate-reset preferred shares, Series 7, the underwriters have exercised their option to purchase an additional two million Series 7 shares at a price of $25 per share. TD will receive additional gross proceeds of $50-million from the exercise of the underwriters' option, increasing the total size of the offering to $350-million. Closing of the underwriters' option is expected to occur concurrent with the closing of the public offering on March 10, 2015.
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