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TD Bank completes US$250 million preferred share issue, Series S

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TD Securities Inc.

On June 11, 2008, The Toronto-Dominion Bank ("TD Bank") issued 10 million non-cumulative 5-Year Rate Reset Preferred Shares, Series S, carrying a face value of $25.00 per share, for gross proceeds of $250 million. The issue qualifies as Tier 1 capital for TD. TD Bank has filed in Canada a prospectus supplement to its January 11, 2007 base shelf prospectus in respect of this issue. The underwriters, led by TD Securities Inc., were advised in this transaction by a team from Fasken Martineau that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).


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