TD Bank Completes $200M Preferred Share Issue

On January 31, 2008, The Toronto-Dominion Bank issued 8 million Non-cumulative Class A First Preferred Shares, Series Q carrying a face value of $25.00 per share, to raise gross proceeds of $200 million. TD has filed in Canada a prospectus supplement to its January 11, 2007, base shelf prospectus in respect of this issue.

TD Bank's Associate Vice President John van Boxmeer, Senior Manager Peter Walker, Manager Finance, Mary Genereux, and Senior Counsel Jennifer Soward, were assisted by McCarthy Tétrault LLP's Philip Moore, Wendi Locke and Jo-Anna Brimmer (corporate and securities) and Jerald Wortsman and Mario Abrioux (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).