Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 17
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 declared by the board of directors, subject to the provisions of the Bank Act, payable quarterly on January 31, April 30, July 31 and                                                        
 October 31 in each year, in an amount per share per annum determined by multiplying the applicable Initial Annual Fixed Dividend Rate by US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent (as defined below)       
 of US$1,000); provided that, whenever it is necessary to compute any dividend amount in respect of the Series 33 Shares for a period of less than one full quarterly dividend period, such dividend amount shall be calculated on the basis of the actual 
 number of days in the period and a year of 365 days.                                                                                                                                                                                                      |

| During each Subsequent Fixed Rate Period (as defined below), the holders of the Series 33 Shares will be entitled to receive fixed rate non-cumulative preferential cash dividends,                                                   
 as and when declared by the board of directors, subject to the provisions of the Bank Act, payable quarterly on January 31, April 30, July 31 and October 31 in each year, in an amount per share per annum determined by multiplying 
 the Annual Fixed Dividend Rate applicable to such Subsequent Fixed Rate Period by US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent of US$1,000).                                               |

S-7

| 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: (i) declare any dividend on the Common Shares or any other shares of any                                         
 class ranking junior to the Series 33 Shares (other than stock dividends on shares ranking junior to the Series 33 Shares); (ii) redeem, purchase or otherwise retire any Common Shares or any other shares ranking junior to the Series 33 Shares        
 (except out of the net cash proceeds of a substantially concurrent issue of shares ranking junior to the Series 33 Shares); or (iii) redeem, purchase or otherwise retire (a) less than all the Series 33 Shares or (b) except pursuant to                
 any purchase obligation, sinking fund, retraction privilege or mandatory redemption provisions attaching to any series of preferred shares of the Bank, any other shares ranking prior to or on a parity with the Series 33 Shares; unless, in each case, 
 all dividends on the Series 33 Shares up to and including those payable on