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TD Bank completes US$275 million preferred share issue, Series AI

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TD Securities Inc.

On March 6, 2009, The Toronto-Dominion Bank ("TDBFG") issued 11 million non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AI at a price of $25.00 per share for gross proceeds raised of $275 million. The offering was completed by way of a prospectus supplement to TDBFG's September 29, 2008 short form base shelf prospectus. The syndicate of underwriters for the offering was led by TD Securities Inc. The underwriters were advised by a team from Fasken Martineau that included Richard Steinberg and Adam Inglis (corporate/securities) and Mitchell Thaw (tax).



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