Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 36

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 36
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 Shares into Common Shares. The liquidation value is the estimated value that the holders would have received if an Order under the Winding-upand Restructuring Act(Canada) had been made in respect of the Bank, as if no Order had been made and without taking into consideration any assistance, financial or otherwise, that is or may be provided to the Bank, directly or indirectly, by CDIC,
the Bank of Canada, the Government of Canada or a province of Canada, after any Order to wind up the Bank has been made.

The resolution
value in respect of the Series 33 Shares is the aggregate estimated value of the following: (a) the Series 33 Shares if they are not held by CDIC and they are not converted, after the making of an Order, into Common Shares in accordance with
its terms; (b) Common Shares that are the result of a conversion of the

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Series 33 Shares in accordance with their terms after the making of an Order; (c) any dividend payments made, after the making of the Order, with respect to the Series 33 Shares to any
person other than CDIC; and (d) any other cash, securities or other rights or interests that are received or to be received with respect to the Series 33 Shares as a direct or indirect result of the making of the Order and any actions taken in
furtherance of the Order, including from CDIC, the Bank, the liquidator of the Bank, if the Bank is wound up, the liquidator of a CDIC subsidiary incorporated or acquired by Order of the Governor in Council for the purposes of facilitating the
acquisition, management or disposal of real property or other assets of the Bank that CDIC may acquire as the result of its operations that is liquidated or the liquidator of a bridge institution if the bridge institution is wound up.

In connection with the compensation process, CDIC is required to estimate the liquidation value and the resolution value in respect of the
portion of converted Series 33 Shares and is required to consider the difference between the estimated day on which the liquidation value would be received and the estimated day on which the resolution value is, or would be, received.

CDIC must, within a reasonable period following the Order, make an offer of compensation by notice to the relevant holders that held the
Series 33 Shares equal to, or in value estimated to be equal to, the amount of compensation to which such holders are entitled or provide a notice stating that