Company: TDBCP
Filing Date: 2025-04-17
Form Type: 424B3
Source: 0001193125-25-084359
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-17
Form: 424B3
Chunk 13
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.g., an entity of which
25% or more of the total value of any class of equity interests in the entity is held by “benefit plan investors” and which does not satisfy another exception under ERISA).

In considering an investment of the assets of a Plan Investor, a fiduciary should determine whether the investment is in accordance with the
documents and instruments governing the Plan Investor and the applicable provisions of ERISA, the Code or any Similar Law relating to a fiduciary’s duties to the Plan Investor including, without limitation, the prudence, diversification,
delegation of control and prohibited transaction provisions of ERISA, the Code and any other applicable Similar Laws and whether the investment is permitted under the terms of the applicable documents governing the Plan Investor. In addition, ERISA
generally requires fiduciaries to hold all assets of a Benefit Plan Investor subject to Part 4 of Subtitle B of Title I of ERISA in trust and to maintain the “indicia of ownership” of such assets within the jurisdiction of the district
courts of the United States. Each fiduciary of a Plan Investor should consider whether common shares acquired pursuant to the Plan satisfies these requirements.

A holder of common shares acquired pursuant to the Plan with the assets of a Benefit Plan Investor must also consider whether the acquisition
of common shares acquired pursuant to the Plan will constitute or result in a non-exempt prohibited transaction. Section 406(a) of ERISA and Sections 4975(c)(1)(A), (B), (C) and (D) of the Code
prohibit certain transactions that involve a Covered Plan and a “party in interest” as defined in Section 3(14) of ERISA or a “disqualified person” as defined in Section 4975(e)(2) of the Code with respect to such
Benefit Plan Investor. Examples of such prohibited transactions include, but are not limited to, sales or exchanges of property or extensions of credit between a Benefit Plan Investor and a party in interest or disqualified person.
Section 406(b) of ERISA and Sections 4975(c)(1)(E) and (F) of the Code generally prohibit a fiduciary with respect to a Benefit Plan Investor from dealing with the assets of the Benefit Plan Investor for its own benefit (for example when a
fiduciary of a Covered Plan uses its position to cause the Benefit Plan Investor to make investments in connection with which the fiduciary (or a party related to the fiduciary) receives