Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 54

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 54
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 a court within the U.S. is able to exercise primary supervision over its administration, and one or more U.S. persons for U.S. federal income tax purposes have the authority to control all substantial decisions of the trust. An individual may, subject to certain exceptions, be deemed to be a resident of the U.S. by reason of being present in the U.S. for at least 31 days in the calendar year and for an aggregate of at least 183 days during a three-year period ending in the current calendar year (counting for such purposes all of the days present in the current year, one third of the days present in the immediately preceding year, and one sixth of the days present in the second preceding year). If a partnership, or any entity treated as a partnership for U.S. federal income tax purposes, holds the SUNs, the U.S. federal income tax treatment of a partner in such partnership will generally depend on the status of the partner and the tax treatment of the partnership. A partner in a partnership holding the SUNs should consult its tax advisor with regard to the U.S. federal income tax treatment of an investment in the SUNs. U.S. Federal Income Tax Treatment Unless otherwise specified in the applicable term sheet, we intend to treat the SUNs as prepaid derivative contracts with respect to the Market Measure for U.S. federal income tax purposes. Pursuant to the terms of the SUNs, TD and you agree, in the absence of a statutory or regulatory change or an administrative determination or judicial ruling to the contrary, to treat the SUNs in accordance with this characterization. If the SUNs are so treated, you should generally not accrue any income with respect to the SUNs during the term of the SUNs until taxable disposition of the SUNs and you should generally recognize gain or loss upon such taxable disposition (including cash settlement) in an amount equal to the difference between the amount you receive at such time and your tax basis in the SUNs. In general, your tax basis in your SUNs will be equal to the amount you paid for your SUNs. Subject to the discussion below on the constructive ownership rules of Section 1260 of the Code, such recognized gain or loss should generally be long-term capital gain or loss if you have held your SUNs for more than one year (and otherwise, such gain or loss should be short- PS-45 term capital gain or loss if held for one year or less). The deductibility of capital losses is subject to limitations. It is possible that