/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
TORONTO, May 24, 2019 /CNW/ - The Toronto-Dominion
Bank ("TD Bank Group" or "TD") today announced that as a result of
strong investor demand for its previously announced domestic public
offering of Non-Cumulative 5-Year Rate Reset Preferred Shares
(non-viability contingent capital (NVCC)), Series 24 (the "Series
24 Shares"), the size of the offering has been increased to
18 million Series 24 Shares. The gross proceeds of the
offering will now be $450 million. The offering will be
underwritten by a group of underwriters led by TD Securities
Inc.
The expected closing date is June
4, 2019. TD will make an application to list the
Series 24 Shares as of the closing date on the Toronto Stock
Exchange. The net proceeds of the offering will be used for
general corporate purposes.
The Series 24 Shares have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements. This press release shall not
constitute an offer to sell securities in the United States.
About TD Bank Group
The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Group ("TD" or the
"Bank"). TD is the sixth largest bank in North America by branches and serves 26
million customers in three key businesses operating in a number of
locations in financial centres around the globe: Canadian Retail,
including TD Canada Trust, TD Auto Finance Canada, TD Wealth
(Canada), TD Direct Investing, and
TD Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in TD Ameritrade; and Wholesale Banking,
including TD Securities. TD also ranks among the world's leading
online financial services firms, with 13 million active online and
mobile customers. TD had CDN$1.4
trillion in assets on April 30,
2019. The Toronto-Dominion Bank trades under the symbol "TD"
on the Toronto and New York Stock
Exchanges.
SOURCE TD Bank Group