TORONTO, July 18, 2019 /CNW/ - The Toronto-Dominion Bank
("TD Bank Group" or "TD") announced today that none of its 20
million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 3
(Non-Viability Contingent Capital (NVCC)) (the "Series 3 Shares")
will be converted on July 31, 2019
into Non-Cumulative Floating Rate Preferred Shares, Series 4 (NVCC)
(the "Series 4 Shares") of TD.
During the conversion period, which ran from July 2, 2019 to July 16,
2019, 350,885 Series 3 Shares were tendered for conversion
into Series 4 Shares, which is less than the minimum 1,000,000
shares required to give effect to the conversion, as described in
the prospectus supplement for the Series 3 Shares dated
July 24, 2014. As a result, no Series
4 Shares will be issued on July 31,
2019 and holders of Series 3 Shares will retain their Series
3 Shares.
The Series 3 Shares are currently listed on the Toronto Stock
Exchange under the symbol TD.PF.B. As previously announced on
July 2, 2019, the dividend rate for
the Series 3 Shares for the 5 year period from and including
July 31, 2019 to but excluding
July 31, 2024 will be 3.681%.
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 sixth
largest bank in North America by
branches and serves 26 million customers in three key businesses
operating in a number of locations in financial centres around the
globe: Canadian Retail, including TD Canada Trust, TD Auto Finance
Canada, TD Wealth (Canada), TD
Direct Investing, and TD Insurance; U.S. Retail, including
TD Bank, America's Most Convenient Bank®, TD
Auto Finance U.S., TD Wealth (U.S.), and an investment in TD
Ameritrade; and Wholesale Banking, including TD Securities. TD
also ranks among the world's leading online financial services
firms, with 13 million active online and mobile customers. TD had
CDN$1.4 trillion in assets on
April 30, 2019. The Toronto-Dominion
Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group
