Preferred Stock Channel
Toronto Dominion Bank | Non-Cumulative 5-Year Rate Reset Preferred Shares, Series S (TD.PRS.CA)

Prospectus excerpt:  This offering of Non-Cumulative 5-Year Rate Reset Preferred Shares, Series S (the “Series S Shares”) of The Toronto-Dominion Bank (the “Bank”) under this prospectus supplement (the “Prospectus Supplement”) consists of 10,000,000 Series S Shares. The holders of the Series S Shares will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the board of directors of the Bank (the “Board of Directors”), for the initial period from and including the closing date of this offering to but excluding July 31, 2013 (the “Initial Fixed Rate Period”), payable on the last day of January, April, July and October in each year (each three-month period ending on the last day of each such month, a “Quarter”), at a per annum rate of 5.00% per share, or $0.3125 per share per Quarter. Notwithstanding the foregoing, based on the anticipated closing date of this offering of June 11, 2008, the first dividend per Series S Share, if declared, will be payable on October 31, 2008 in respect of the period from and including June 11, 2008 to but excluding October 31, 2008, in the amount of $0.4863 per share. See “Details of the Offering”.

For each five-year period after the Initial Fixed Rate Period (each a “Subsequent Fixed Rate Period”), the holders of the Series S Shares will be entitled to receive fixed quarterly non-cumulative preferential cash dividends, as and when declared by the Board of Directors, payable on the last day of January, April, July and October in each year in an amount per share per annum determined by multiplying the Annual Fixed Dividend Rate (as defined herein) applicable to such Subsequent Fixed Rate Period by $25.00. The Annual Fixed Dividend Rate for the ensuing Subsequent Fixed Rate Period will be determined by the Bank on the Fixed Rate Calculation Date (as defined herein) and will be equal to the sum of the Government of Canada Yield (as defined herein) on the Fixed Rate Calculation Date plus 1.60%. See “Details of the Offering”.

Full Prospectus PDF », TD Page »

Series:S
Alternate symbology:TD-S.CA, TD-PS.CA, TDprS.CA
Redeemable?:Yes
Call Date:7/31/2013 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Conversion Ratio:The holders of the Series S Shares will have the right, at their option, to convert their shares into Non- Cumulative Floating Rate Preferred Shares, Series T of the Bank (the “Series T Shares”), subject to certain conditions, on July 31, 2013 and on July 31 every five years thereafter. The holders of the Series T Shares will be entitled to receive quarterly floating rate non-cumulative preferential cash dividends, as and when declared by the Board of Directors, payable on the last day of January, April, July and October in each year (the initial quarterly dividend period and each subsequent quarterly dividend period is referred to as a “Quarterly Floating Rate Period”) in an amount per share determined by multiplying the applicable Floating Quarterly Dividend Rate (as defined herein) by $25.00. The Floating Quarterly Dividend Rate will be equal to the sum of the T-Bill Rate (as defined herein) plus 1.60% (calculated on the basis of the actual number of days elapsed in the applicable Quarterly Floating Rate Period divided by 365) determined on the Floating Rate Calculation Date (as defined herein). See “Details of the Offering”.
Shares Offered:10000000
Liquidation Preference:$25
Original Coupon:5.00%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn TD.PRS.CA's Rating
Toronto Dominion Bank serves customers in three key businesses operating in a number of locations in financial centers 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, N.A., operating under the brand name TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. Co. is also an online financial services firm, serving online and mobile customers.

Preferreds: TD.PRA.CA, TD.PRC.CA, TD.PRE.CA, TD.PRG.CA, TD.PRI.CA, TD.PRK.CA, TD.PRO.CA, TD.PRP.CA, TD.PRQ.CA, TD.PRR.CA, TD.PRS.CA, TD.PRY.CA


Open the TD Information Page »
Name:  Toronto Dominion Bank
Website:  www.td.com
Sector:  Banking & Savings
Number of ETFs Holding TD:  10 (see which ones)
Total Market Value Held by ETFs:  $204,502,675
Total Market Capitalization:  $109,866,000,000
% of Market Cap. Held by ETFs:  0.19%

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