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

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-17
Form: 424B3
Chunk 17
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 be purchased at the Average Market Price. There may also be a discount of up to 5% to the Average Market
Price if the Bank issues the common shares from treasury. The Bank will announce by way of press release and in dividend announcements whether common shares purchased under the Plan will be purchased on the open market or from treasury, and any
applicable discount for the dividend reinvestment. No brokerage or administration fees are charged to participants by the Bank or the Plan Agent for their participation in the Plan.

Question: Do Participants have to enrol all their common shares in the Plan if they want to have dividends reinvested?

Answer: Registered Participants may indicate on the Enrolment Form the percentage of their common shares they would like to have
enrolled in dividend reinvestment. Non-Registered Participants should contact their intermediaries for instructions regarding the intermediaries’ practices in this regard.

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Question: How may a Participant terminate dividend reinvestment under the Plan?

Answer: Registered Participants may terminate dividend reinvestment by giving written notice to the Plan Agent. Non-Registered Participants should contact their intermediary for instructions on terminating dividend reinvestment under the Plan.

Question: Can Participants withdraw a portion of their common shares from dividend reinvestment if they want to have some dividends paid in cash?

Answer: Registered Participants may withdraw a portion of their common shares from dividend reinvestment by notifying the Plan Agent in
writing of their intention to withdraw a portion of their shares from dividend reinvestment. Non-Registered Participants should contact their intermediaries for instructions regarding the intermediaries’
practices in this regard.

Question: What are the income tax consequences?

Answer: The reinvestment of dividends does not relieve a Participant of liability for tax on those dividends. Shareholders should
consult their tax advisers about the tax consequences which will result from their participation in the Plan.

Summary

This Offering Circular describes a plan available to holders of common shares of The
Toronto-Dominion Bank whereby Participants may reinvest their cash dividends in additional common shares. The Plan provides a means by which the Bank can acquire additional capital funds which will be used for
general corporate purposes.

Dividends are normally paid either by cheque or direct deposit to the shareholder’s account. The Plan
provides holders of common shares of the Bank with a convenient method of reinvesting cash dividends in additional common shares of the Bank.

The common shares will be purchased at the Average Market Price. There may also be a discount of up to 5% to the Average Market Price if the
Bank issues the