Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 71

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 71
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 the Bank for the purpose of selling such Common Shares to parties other than the Limited Recourse Trust and the Bank and its affiliates on behalf of any such person. Such sales (if any) will be made at such times and at such prices as the Bank (or its agent as directed by the Bank), in its sole discretion, may determine. Neither the Bank nor its agent will be subject to any liability for failure to sell any such Common Shares on behalf of any such person or at any particular price on any particular day. The net proceeds received by the Bank or its agent from the sale of any such Common Shares will be delivered to any such person, after deducting the costs of sale and any applicable withholding taxes. Rights on Liquidation In the event of the liquidation, dissolution or winding-upof the Bank or any distribution of assets of the Bank for the purpose of winding up its affairs (each of which is referred to herein as a “Liquidation”), whether voluntary or involuntary, provided that a Trigger Event has not occurred, holders of Series 33 Shares will be entitled to be paid and to receive US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent of US$1,000) per share, together with the amount of declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are held by the Limited Recourse Trustee) at the time of the Liquidation payment, before any amount will be paid or any assets of the Bank distributed to the holders of the Common Shares or other shares ranking junior to the Series 33 Shares. Upon payment to the holders of Series 33 Shares of the amount so payable to them, they will not be entitled to share in any further distribution of the property or assets of the Bank. The Series 33 Shares will rank on parity with all other series of Class A First Preferred Shares of the Bank and in priority to the Common Shares with respect to the payment of dividends and on the distribution of assets in the event of a Liquidation. If a Trigger Event occurs, the rights on liquidation described above will not be relevant since all Series 33 Shares will be converted into Common Shares which will rank on parity with all other issued and outstanding Common Shares. Restriction on Dividends and Retirement of Shares So long as any of the Series 33 Shares are outstanding, the Bank shall not, without the approval of the holders of the Series 33 Shares:

| • |     | declare any dividend on the Common Shares