Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 156

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 156
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 the spot rate on the settlement date of the purchase or sale. An accrual method taxpayer may elect the same treatment with respect to the purchase and sale of foreign currency debt
securities traded on an established securities market, provided that the election is applied consistently.

Upon the sale, exchange,
retirement or other taxable disposition of a foreign currency debt security, a U.S. Holder may recognize exchange gain or loss with respect to the principal amount of such foreign currency debt security. For these purposes, the principal amount of
the foreign currency debt security is the U.S. Holder’s purchase price for the foreign currency debt security calculated in the foreign currency on the date of purchase (as adjusted for any amortized bond premium), and the amount of exchange
gain or loss recognized is equal to the difference between (i) the U.S. dollar value of the principal amount determined on the date of the sale, exchange, retirement or other taxable disposition of the foreign currency debt security and
(ii) the U.S. dollar value of the principal amount (as adjusted for any amortized bond premium) determined on the date such U.S. Holder purchased the foreign currency debt security (or possibly, in the case of a cash basis or electing accrual
basis taxpayer, the settlement dates of such purchase and disposition, if the foreign currency debt security is traded on an established securities market). Such gain or loss will be treated as ordinary income or loss and generally will be
U.S.-source gain or loss. Upon a disposition of a foreign currency debt security, the recognition of exchange gain or loss (with respect to both principal and accrued interest, including OID) will be limited to the amount of overall gain or loss
realized on the disposition of the foreign currency debt security.

Exchange Gain or Loss with Respect to Foreign Currency

A U.S. Holder’s tax basis in the foreign currency received as interest on a foreign currency debt security or on the sale, exchange,
retirement or other taxable disposition of a foreign currency debt security will be the U.S. dollar value thereof at the spot rate in effect on the date the foreign currency is received. Any gain or loss recognized by a U.S. Holder on a sale,
exchange or other taxable disposition of the foreign currency will be ordinary income or loss and generally will be U.S.-source gain or loss.

Disclosure Requirements

Treasury Regulations meant to require the reporting of certain tax shelter transactions (“Reportable Transactions”) could be
interpreted to cover transactions generally not regarded as tax shelters, including certain

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foreign