Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 54

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 54
---
ure or the Limited Recourse Trust Declaration, the Bank reserves the right not to (a) deliver Common Shares or Series 33 Shares to any person whom the Bank or its transfer agent has reason to believe is an Ineligible Person or any person who, by virtue of that delivery, would become a Significant Shareholder or (b) record in its securities register a transfer or issue of Common Shares or Series 33 Shares to any person whom the Bank or its transfer agent has reason to believe is an Ineligible Government Holder based on a declaration submitted to the Bank or its transfer agent by or on behalf of such person. In such circumstances, the Bank or its transfer agent will hold, as agent for such persons, the Common Shares or Series 33 Shares that would have otherwise been delivered to such persons and will attempt to facilitate the sale of such Common Shares or Series 33 Shares to parties other than the Limited Recourse Trust and the Bank and its affiliates on behalf of such persons through a registered dealer to be retained by the Bank on behalf of such persons. Those sales (if any) may be made at any time and at any price. The Bank shall not be subject to any liability for failure to sell any such Common Shares or Series 33 Shares on behalf of such persons or at any particular price on any particular day. The net proceeds received by the Bank or its transfer agent from the sale of any such Common Shares or Series 33 Shares will be delivered to any such person, after deducting the costs of sale and any applicable withholding taxes. For purposes of the foregoing:

| • |     | “Ineligible Government Holder” means any person who is the federal or a provincial government in                                                                                                                                                    
 Canada or agent or agency thereof, or the government of a foreign country or any political subdivision of a foreign country, or any agent or agency of a foreign government, in each case to the extent that the recording in the Bank’s securities 
 register of a transfer or issue of any share of the Bank to such person would cause the Bank to contravene the Bank Act.                                                                                                                            |

| • |     | “Ineligible Person” means (i) any person whose address is in, or whom the Bank or its transfer                                                                                                                        
 agent has reason to believe is a resident of, any jurisdiction outside of Canada or the United States to the extent that the issuance by the Bank or delivery by the Trustees or the transfer agent to such person of |

S-31

| Series 33 Shares or Common Shares upon a Contingent Conversion (