TD Bank Completes $250M Preferred Share Issue

On September 12, 2008, The Toronto-Dominion Bank issued 10 million non-cumulative 5-Year Reset Preferred Shares, Series AA carrying a face value of $25 per share for gross proceeds raised of $250 million. The bank has filed in Canada a prospectus supplement to its January 11, 2007, short-form base shelf prospectus in respect of this issue.

The bank's vice president, treasury and balance sheet management, John van Boxmeer; senior manager, capital finance, Peter Walker; manager, capital finance, Mary Genereux; senior counsel, legal, Jennifer Soward; and senior counsel, legal, Atif Islam, were assisted by McCarthy Tétrault LLP's Philip Moore, Wendi Locke and Jo-Anna Brimmer (corporate/securities) and Jerald Wortsman and Patrick McCay (tax).

The underwriters, led by TD Securities Inc., were advised in this transaction by a team from Fasken Martineau DuMoulin LLP that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).

Lawyer(s)

Richard J. Steinberg Jerald M. Wortsman Adam M. Inglis Jennifer J. Soward Wendi A. Locke Philip C. Moore Peter M. C. Walker Mitchell L. Thaw Patrick J. McCay John van Boxmeer