TORONTO, Jan. 16, 2020 /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 5
(Non-Viability Contingent Capital (NVCC)) (the "Series 5 Shares")
will be converted on January 31, 2020
into Non-Cumulative Floating Rate Preferred Shares, Series 6 (NVCC)
(the "Series 6 Shares") of TD.
During the conversion period, which ran from January 2, 2020 to January
16, 2020, 168,856 Series 5 Shares were tendered for
conversion into Series 6 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 5 Shares
dated December 9, 2014. As a result,
no Series 6 Shares will be issued on January
31, 2020 and holders of Series 5 Shares will retain their
Series 5 Shares.
The Series 5 Shares are currently listed on the Toronto Stock
Exchange under the symbol TD.PF.C. As previously announced on
January 2, 2020, the dividend rate
for the Series 5 Shares for the 5 year period from and including
January 31, 2020 to but excluding
January 31, 2025 will be 3.876%.
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 fifth
largest bank in North America by branches and serves more than
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 more than 13 million
active online and mobile customers. TD
had CDN$1.4 trillion in assets on October 31, 2019.
The Toronto-Dominion Bank trades under the symbol "TD" on
the Toronto and New York Stock Exchanges.
SOURCE TD Investor Relations