Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 53

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 53
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 to Section 871(m) of the Code, Section 897 of the Code, and FATCA, each as discussed below, we generally expect to treat payments made to a non-U.S. holder upon the taxable disposition (including cash settlement) of LIRNs as exempt from U.S. withholding tax and from generally applicable information reporting and backup withholding requirements with respect to payments on LIRNs if the non-U.S. holder complies with certain certification and identification requirements as to its non-U.S. status, including providing us (and/or the applicable withholding agent) a fully completed and validly executed applicable IRS Form W-8. Subject to Section 897 of the Code and Section 871(m) of the Code (each as discussed below), gain realized on the taxable disposition of LIRNs by a non-U.S. holder will generally not be subject to federal income tax, unless:

| ● | the gain with respect to LIRNs is effectively connected with a trade or business conducted by the non-U.S. holder in the U.S.; or |

| ● | the non-U.S. holder is a nonresident alien individual who holds LIRNs as a capital asset and is present in the U.S. for more than 182 days in the taxable year of such taxable disposition and certain other 
 conditions are satisfied.                                                                                                                                                                                    |

If gain realized on the taxable disposition of LIRNs by a non-U.S. holder is described in either of the preceding bullet points, such non-U.S. holder may be subject to U.S. federal income tax with respect to such gain, except to the extent that an income tax treaty reduces or eliminates the tax and the appropriate documentation is provided to substantiate a claim for such benefits. PS-43 Section 897.We will not attempt to ascertain whether an Underlying Company, would be treated as a “United States real property holding corporation” (“ USRPHC”) within the meaning of Section 897 of the Code. We will also not attempt to determine whether LIRNs should be treated as “United States real property interests” (“ USRPI”) as defined in Section 897 of the Code. If an Underlying Company were treated as a USRPHC or LIRNs were treated as USRPI, certain adverse U.S. federal income tax consequences could possibly apply, including subjecting any gain to a non-U.S. holder in respect of LIRNs upon a disposition of LIRNs (including cash settlement) to U.S. federal income tax on a net