Company: TDBCP
Filing Date: 2025-01-07
Form Type: 424B2
Source: 0001140361-25-000421
Chunk: 21

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-07
Form: 424B2
Chunk 21
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 to make an adjustment to the divisor to prevent the level of the SPX from changing as a result of the corporate action. This helps ensure that the movement of the SPX does not reflect the corporate actions of individual companies in the SPX. Spin-Offs As a general policy, a spin-off security is added to the SPX on the ex-date at a price of zero (with no divisor adjustment) and will remain in the SPX for at least one trading day. The spin-off security will remain in the SPX if it meets all eligibility criteria. If the spin-off security is determined ineligible to remain in the SPX, it will generally be removed after at least one day of regular way trading (with a divisor adjustment). The weight of the spin-off being deleted is reinvested across all the SPX constituents proportionately such that the relative weights of all SPX constituents are unchanged. The net change in SPX market capitalization will cause a divisor change. Companies that are spun off from a SPX constituent do not need to meet the eligibility criteria for new constituents, but they should be considered U.S. domiciled for SPX purposes. At the discretion of the S&P Index Committee, a spin-off company may be retained in the SPX if the S&P Index Committee determines it has a total market capitalization representative of the SPX. If the spin-off company’s estimated market capitalization is below the minimum unadjusted company market capitalization for the SPX but there are other SPX constituents that have a significantly lower total market capitalization than the spin-off company, the S&P Index Committee may decide to retain the spin-off company in the SPX. Several additional types of corporate actions, and their related treatment, are listed in the table below.

| Corporate Action                  |     | Treatment                                                                                                                                                                                       |
| SPX constituent addition/deletion |     | Addition                                                                                                                                                                                        
 SPX constituents are added at the float market capitalization weight. The net change to the SPX market capitalization causes a divisor adjustment.                                              
 Deletion                                                                                                                                                                                        
 The weights of all SPX constituents in the SPX will proportionally change. Relative weights will stay the same. The divisor will change due to the net change in the SPX market capitalization. |
| Change in shares outstanding      |     | Increasing (decreasing) the shares outstanding increases (decreases) the market capitalization of the SPX. The change to the SPX market capitalization causes a divisor adjustment.             |
| Split/reverse split