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TD Bank will redeem series 20 rate reset class A preferred shares
Chicago, Sept. 22 – Toronto-Dominion Bank is exercising its right to redeem all of its 16 million outstanding non-cumulative five-year rate reset class A first preferred shares, series 20 on Oct. 31, according to a press release.
The C$400 million redemption total represents a redemption price of C$25.00 per share.
Dividends will be paid in the usual manner on the redemption date.
On Aug. 24, TD announced dividends of C$0.296875 per share.
Holders who are not registered should contact the financial institution, broker or financing institution where they hold their shares.
Inquiries may be directed to the registrar and transfer agent TSX Trust Co. (800 387-0825).
The shares were originally issued as non-viability contingent capital.
The financial services and banking company is based in Toronto.
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