Ms. Jillian Tanouye reports

TD ASSET MANAGEMENT INC. ANNOUNCES ADDITIONAL ANNUAL REINVESTED DISTRIBUTIONS FOR TD ETFS

TD Asset Management Inc. (TDAM) has declared additional annual 2025 reinvested distributions for certain TD exchange-traded funds (ETFs) listed in the attached table. These annual reinvested distributions generally represent undistributed income within the TD ETFs. Cash distributions for December, 2025, have been distributed and reported separately.

Unitholders of record on Dec. 31, 2025, received a notional distribution at year-end, representing realized taxable amounts within the TD ETFs for the 2025 tax year. A notional distribution is when the units from a reinvested distribution are immediately consolidated with the units held prior to the distribution and the number of units held after the distribution is identical to the number of units held before the distribution.

The actual taxable amounts of reinvested and cash distributions for 2025, including the tax characteristics of the distributions, will be reported to brokers via CDS Clearing and Depository Services Inc. within the first 60 days of 2026.

Details of the per-unit reinvested distributions are provided in the attached table.

The information contained herein has been provided by TDAM and is for information purposes only. The information has been drawn from sources believed to be reliable. The information does not provide financial, legal, tax or investment advice. Particular investment, tax or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds. Please read the prospectus and ETF facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.

TD ETFs are managed by TDAM, a wholly owned subsidiary of the Toronto-Dominion Bank.

TD Bank Group means TD Bank and its affiliates, which provide deposit, investment, loan, securities, trust, insurance, and other products or services.

The TD logo and other TD trademarks are the property of TD Bank or its subsidiaries.

About TD Asset Management Inc.

TDAM, a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, TDAM's broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others. Additionally, TDAM manages assets on behalf of millions of retail investors and offers a broadly diversified suite of investment solutions, including mutual funds, exchange-traded funds and professionally managed portfolios. Asset management businesses at TD manage $531-billion in assets. Aggregate statistics as at Dec. 31, 2025, for TDAM and Epoch Investment Partners Inc. TDAM operates in Canada and Epoch Investment Partners operates in the United States. Both entities are affiliates and are wholly owned subsidiaries of TD Bank.