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.
