Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 58

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 58
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lying Constituent, as applicable, would be treated as a PFIC. In general, if a U.S. taxpayer holds an interest in a PFIC, such U.S. taxpayer is required to report any gain on disposition of an interest in such PFIC as ordinary income, rather than as capital gain, and the taxpayer is subject to tax on such gain in the year such gain is recognized at the highest ordinary income tax rate and for a non-deductible interest charge at the federal underpayment rate as if the gain had been earned ratably over each day in such taxpayer’s holding period and such tax liabilities had been due with respect to each prior year in the taxpayer’s holding periods. In the event that any Underlying Constituent is treated as a PFIC, the application of the PFIC rules to the SUNs would be unclear, and it is possible that U.S. holders of the SUNs could be subject to the PFIC rules to the extent that the SUNs directly or indirectly reference shares in one or more PFICs. Accordingly, U.S. holders should consult their tax advisors regarding the potential application of the PFIC rules to an investment in the SUNs. PS-47 Alternative Treatments Because of the absence of authority regarding the appropriate tax characterization of your SUNs, it is possible that the IRS could seek to characterize your SUNs 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 the SUNs. Contingent Payment Debt Instrument.If the SUNs have a term greater than one year, it is possible that the SUNs could be treated as a debt instrument subject to the special tax rules governing contingent payment debt instruments. If the SUNs are so treated, you would be required to accrue interest income over the term of your SUNs based upon the yield at which we would issue a non-contingent fixed-rate debt instrument with other terms and conditions similar to your SUNs. You would recognize gain or loss upon the taxable disposition of your SUNs in an amount equal to the difference, if any, between the amount you receive at such time and your adjusted basis in your SUNs. In general, your adjusted basis in your SUNs would be equal to the amount you paid for your SUNs, increased by the amount of interest you previously accrued with respect to your SUNs. Any gain you recognize upon the taxable disposition of your SUNs would be ordinary income and any loss