Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 50

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 50
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 equity interest in a PFIC for any taxable year, you would generally be required to file IRS Form 8621 with your annual U.S. federal income tax return for that year, subject to certain exceptions. Failure to timely file the form may extend the time for tax assessment by the IRS. You should refer to information filed with the SEC or the equivalent governmental authority by such entities and consult your tax advisors regarding the possible consequences to you if any such entity is or becomes a PFIC. Alternative Treatments Because of the absence of authority regarding the appropriate tax characterization of LIRNs, it is possible that the IRS could seek to characterize LIRNs in a manner that results in tax consequences to you that are materially different from those described above and could materially and adversely affect the timing and/or character of income or loss with respect to LIRNs. Contingent Payment Debt Instrument.If LIRNs have a term greater than one year, it is possible that LIRNs could be treated as a debt instrument subject to the special tax rules governing contingent payment debt instruments. If LIRNs are so treated, generally you would be required to accrue interest income over the term of LIRNs based upon the yield at which we would issue a non-contingent fixed-rate debt instrument with other terms and conditions similar to LIRNs , adjusted upward or downward to reflect the difference, if any, between the actual and projected payments on LIRNs during the year. You would recognize gain or loss upon the taxable disposition (including cash settlement) of LIRNs in an amount equal to the difference, if any, between the amount you receive at such time and your adjusted basis in LIRNs. In general, your adjusted basis in LIRNs would be equal to the amount you paid for LIRNs, increased by the amount of interest income you previously accrued with respect to LIRNs (determined without regard to adjustments due to differences between projected and actual payments) and decreased PS-41 by the projected amounts of any payments previously made on LIRNs (without regard to actual amounts paid). Any gain you recognize upon the taxable disposition (including cash settlement) of LIRNs would be ordinary income and any loss recognized by you at such time would be ordinary loss to the extent of interest you included in income in the current or previous taxable years in respect of LIRNs (i.e., reduced by the total net negative adjustments previously allowed to the U.S. holder as an ordinary loss), and thereafter, would be capital loss. Conting