TD Bank Completes $275M Preferred Share Issue, Series AI

On March 6, 2009 The Toronto-Dominion Bank (TDBFG) issued 11,000,000 non-cumulative 5-Year Rate Reset Preferred Shares, Series AI carrying a face value of $25 per share for gross proceeds raised of $275 million. The offering was completed by way of a prospectus supplement to TDBFG's short-form base shelf prospectus dated September 29, 2008.

TDBFG's John van Boxmeer, vice president, treasury and balance sheet management, Peter Walker, senior manager, capital finance, Mary Genereux, manager, capital finance and Atif Islam, senior 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, 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).