TD Bank Financial Group Issues $675M of Preferred Shares

On January 14, 2009 The Toronto-Dominion Bank (TDBFG) issued 12 million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AE carrying a face value of $25 per share for gross proceeds raised of $300 million. The offering was completed by way of a prospectus supplement to TDBFG's January 11, 2007 short-form base shelf prospectus. On January 30, 2009 TDBFG issued 15 million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AG carrying a face value of $25 per share for gross proceeds raised of $375 million. The offering was completed by way of a prospectus supplement to TDBFG's September 29, 2008 short-form base shelf prospectus. The syndicate of underwriters for each offering was led by TD Securities Inc.

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

The underwriters were advised by Fasken Martineau DuMoulin LLP's Richard Steinberg, Adam Inglis and Tina Chun (corporate/securities) and Mitchell Thaw (tax).