Share Information
Preferred Shares
The information in this section is a summary only and is qualified in its entirety by and should be read in conjunction with the more detailed information appearing in the prospectus or similar document related to the security. AuthorizedAn unlimited number of Class A First Preferred Shares, without par value, issuable in series Outstanding1Series T terms contained within the Series S prospectus
Market ListingsTD preferred shares are listed on:
Transfer AgentCST Trust Company
DescriptionThe Class A First Preferred Shares may be issued in one or more series. The Board of Directors determines by resolution the designation, rights, privileges, restrictions and conditions attaching to each series of preferred shares as well as the number to be issued. The terms determined by the Board of Directors include dividends and dividend payments, conversion features, redemption features, voting rights, retraction rights and transfer restrictions. The Class A First Preferred Shares are entitled to preference over the common shares and any other shares the Bank may issue ranking junior to the Class A First Preferred Shares with respect to payment of dividends and distribution of assets of the Bank in the event of the liquidation, dissolution or winding-up of the Bank. Holders of Class A First Preferred Shares have no voting rights except as provided by the Bank Act or by the terms of the series. For Holders of Class A First Preferred Shares who are residents of the United States, the Class A Preferred Shares shall be classified as equity for US federal income tax purposes. Bank Act (Canada) Restrictions on Share OwnershipThe Bank Act (Canada) prohibits the ownership by one person or entity of more than 10% of any class of shares without approval in accordance with its provisions. Redemption and ConversionNone of the outstanding preferred shares are redeemable at the option of the holder, although certain of the preferred shares series include a conversion right exercisable at the option of the holder. Bank has certain rights to redeem the preferred shares as more fully described in the relevant prospectus. Redemptions of all preferred shares are subject to the provisions of the Bank Act and to the prior approval of the Superintendent of Financial Institutions (Canada). Information as of July 23, 2015 |