trending Market Intelligence /marketintelligence/en/news-insights/trending/9s6rt9v44pkiu0mtdarcbg2 content esgSubNav
In This List

TD Bank redeeming certain preferred shares

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


TD Bank redeeming certain preferred shares

Toronto-Dominion Bank said it will redeem all its series S and series T of class A first preferred shares, for a total of C$135 million and C$115 million, respectively, on July 31.

The Toronto-based company will redeem 5,387,491 outstanding, noncumulative series S shares at C$25 apiece, and 4,612,509 outstanding noncumulative series T shares at the same per-share price.

Shareholders on record as of July 10 will receive final dividends of about 21.07 cents per series S share and about 16.79 cents per series T share, also on July 31.