TD Bank completes US$220 million preferred share issue, Series AC

On November 5, 2008, The Toronto-Dominion Bank ("TD") issued 8,800,000 non-cumulative 5-Year Rate Reset Preferred Shares, Series AC carrying a face value of $25.00 per share for gross proceeds raised of $220 million. TD has filed in Canada a prospectus supplement to its January 11, 2007 short form 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).