The Toronto-Dominion Bank Completes $350M Preferred Share Issue, Series AK

On April 3, 2009, The Toronto-Dominion Bank Financial Group (TDBFG) issued 14,000,000 non-cumulative 5-Year Rate Reset Preferred Shares, Series AK carrying a face value of $25 per share for gross proceeds raised of $350 million. The offering was completed by way of a prospectus supplement to TDBGS's short-form base shelf prospectus dated September 29, 2008.

TDBGS'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 and Jo-Anna Brimmer (corporate/securities) and Jerald Wortsman and Faye Kravetz (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, Aaron Atkinson and Adam Inglis (corporate/securities) and Mitchell Thaw and David Fox (tax).