TD Bank Retains Series 1 Preferred Shares
Company Announcements

TD Bank Retains Series 1 Preferred Shares

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Toronto Dominion Bank (TSE:TD) has released an update.

Toronto-Dominion Bank announced that none of its Series 1 preferred shares will be converted into Series 2 shares due to insufficient shareholder interest, as fewer than the required minimum were tendered. As a result, holders will retain their Series 1 shares, which will continue to yield a 4.97% dividend rate for the next five years.

For further insights into TSE:TD stock, check out TipRanks’ Stock Analysis page.

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