Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001193125-25-036947
Chunk: 119

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B5
Chunk 119
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 of scheduled principal and/or interest payments will 
 be permitted where they are subject to a cure period of no less than 30 business days and clearly disclose to investors that:                                             |

| (i) | acceleration is only permitted where an Order has not been made in respect of TD; and |

| (ii) | notwithstanding any acceleration, the instrument continues to be subject to a 
 bail-in conversion prior to its repayment;                                    |

| • |     | the bail-inable debt security may be redeemed (for any reason) or purchased for cancellation only at the                                                                                           
 initiative of TD and, where the redemption or purchase would lead to a breach of TD’s TLAC requirements, that redemption or purchase would be subject to the prior approval of the Superintendent; |

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| • |     | the bail-inable debt security does not have credit-sensitive dividend or coupon features that are reset 
 periodically based in whole or in part on TD’s credit standing; and                                     |

| • |     | where an amendment or variance of the bail-inable debt security’s terms and conditions would affect its               
 recognition as TLAC, that amendment or variance will only be permitted with the prior approval of the Superintendent. |

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DESCRIPTION OF COMMON SHARES AND PREFERRED SHARES

Set forth below is a summary of the material terms of the Bank’s share capital and certain provisions of the Bank Act and the Bank’s
By-laws as they relate to the Bank’s share capital. The following summary is not complete and is qualified in its entirety by the Bank Act, the Bank’s By-laws
and the actual terms and conditions of such shares.

Common Shares

Authorized Share Capital

The authorized
common share capital of the Bank consists of an unlimited number of common shares without nominal or par value.

Voting, Dividend and Winding Up Rights of Holders of Common Shares

The holders of common shares are entitled to vote at all meetings of the shareholders of the Bank except
meetings at which only holders of a specified class or series of shares are entitled to vote. The holders of common shares are entitled to receive dividends as and when declared by the Board of Directors of the Bank, subject to the preference of the
holders of preferred shares of the Bank. After payment to the holders of preferred shares of the Bank of the amount or amounts to which they may be entitled, and after payment of all outstanding debts, the holders of common shares shall be entitled
to receive the remaining property of the Bank upon the liquidation, dissolution or winding-up thereof.

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