Company: TDBCP
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001140361-25-012065
Chunk: 47

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-03
Form: 424B3
Chunk 47
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 non-U.S. holder has certain other present or former connections with the U.S. |

If gain realized on the taxable disposition of ARNs by a non-U.S. holder is described in any 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 appropriate documentation is provided to substantiate a claim for such benefits. 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 any ARNs should be treated as “United States real property interests” (“ USRPI”) as defined in Section 897 of the Code. If any Underlying Company were treated as a USRPHC or any ARNs were treated as USRPI, certain adverse U.S. federal income tax consequences could possibly apply to non-U.S. holders of such ARNs, including subjecting any such non-U.S. holder to U.S. federal income tax on a net basis respect of any gain realized upon taxable disposition of its ARNs (and potentially also a requirement to file a U.S. federal income tax return or, possibly, to a 15% withholding tax in respect of the proceeds from such a taxable disposition. Non-U.S. holders should consult their tax advisors regarding the potential treatment of any Underlying Company as a USRPHC and any ARNs as USRPI. Section 871(m).The Treasury has issued regulations under which a 30% withholding tax (which may be reduced by an applicable income tax treaty) is imposed on certain “dividend equivalents” paid or deemed paid to a non-U.S. holder with respect to a “specified equity-linked instrument” that references one or more U.S.-source dividend-paying equity securities (an “ 871(m) Specified ELI”). The withholding tax can apply even if the 871(m) Specified ELI does not provide for payments that reference dividends. Under these regulations, the withholding tax generally will apply to 871(m) Specified ELIs (or a combination of 871(m) Specified ELIs treated as having been entered into in connection with each other) issued (or reissued, as discussed below) on or after January 1, 2018, but will also apply to certain 871(m