Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006068
Chunk: 58

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 58
---
 your tax basis in the securities. In general, your tax basis in your securities will be equal to the amount you paid for your securities. 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 securities for more than one year (and otherwise, such gain or loss should be short-term capital gain or loss if held for one year or less). The deductibility of capital losses is subject to limitations. Unless otherwise specified in the applicable pricing supplement, we expect that our special U.S. tax counsel would be able to opine that it would be reasonable to treat your securities as prepaid forward contracts or prepaid derivative contracts with respect to the Market Measure. It is possible that the IRS could assert that your holding period in respect of your securities should end on the date on which the amount you are entitled to receive upon maturity of your securities is determined (generally the Valuation Date), even though you will not receive any amounts from the Bank in respect of your securities prior to the maturity date of your securities. In this case, you may be treated as having a holding period in respect of your securities ending prior to the maturity date for your securities, and such holding period may be treated as one year or less even if you receive cash on the maturity date of your securities at a time that is more than one year after the beginning of your holding period. Except to the extent otherwise required by law, the Bank intends to treat your securities for U.S. federal income tax purposes in accordance with the treatment described above unless and until such time as the Treasury and the IRS determine that some other treatment is more appropriate. Section 1260 If a security references an Underlying Stock, Fund or Index with a component that is treated as equity in a RIC (or a “trust”) such as certain ETFs, a REIT, a PFIC, a partnership, or other “pass-thru entity” for purposes of Section 1260 of the Code, it is possible that the “constructive ownership transaction” rules of Section 1260 of the Code may apply, in which case the tax consequences of a taxable disposition of the securities could be affected materially and adversely. Under the “constructive ownership” rules, if an investment in the securities is treated as a “constructive ownership transaction”, any long-term capital gain recognized by a U.S. holder in respect of such securities will be recharacterized as ordinary income to the