Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 72

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 72
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 Shares will be delivered to any such person, after deducting the costs of sale and any applicable withholding taxes. Rights on Liquidation In the event of the liquidation, dissolution or winding-upof the Bank or any distribution of assets of the Bank for the purpose of winding up its affairs (each of which is referred to herein as a “Liquidation”), whether voluntary or involuntary, provided that a Trigger Event has not occurred, holders of Series 33 Shares will be entitled to be paid and to receive US$1,000 (or if then held by the Limited Recourse Trust, the Canadian Dollar Equivalent of US$1,000) per share, together with the amount of declared and unpaid dividends (of which none are expected for so long as the Series 33 Shares are held by the Limited Recourse Trustee) at the time of the Liquidation payment, before any amount will be paid or any assets of the Bank distributed to the holders of the Common Shares or other shares ranking junior to the Series 33 Shares. Upon payment to the holders of Series 33 Shares of the amount so payable to them, they will not be entitled to share in any further distribution of the property or assets of the Bank. The Series 33 Shares will rank on parity with all other series of Class A First Preferred Shares of the Bank and in priority to the Common Shares with respect to the payment of dividends and on the distribution of assets in the event of a Liquidation. If a Trigger Event occurs, the rights on liquidation described above will not be relevant since all Series 33 Shares will be converted into Common Shares which will rank on parity with all other issued and outstanding Common Shares. Restriction on Dividends and Retirement of Shares So long as any of the Series 33 Shares are outstanding, the Bank shall not, without the approval of the holders of the Series 33 Shares:

| • |     | declare any dividend on the Common Shares or any other shares of any class ranking junior to the Series 33 Shares 
 (other than stock dividends on shares ranking junior to the Series 33 Shares);                                    |

| • |     | redeem, purchase or otherwise retire any Common Shares or any other shares ranking junior to the Series 33 Shares              
 (except out of the net cash proceeds of a substantially concurrent issue of shares ranking junior to the Series 33 Shares); or |

S-42

| • |     | redeem, purchase or otherwise retire (a) less than all the Series 33 Shares or (b) except pursuant to