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).