TD Bank to Redeem Series 5 Preferred Shares

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

TD Bank Group has announced its decision to redeem all its outstanding Series 5 Preferred Shares on January 31, 2025, at a price of $25 per share, totaling approximately $500 million. The bank will pay the final dividends on these shares as scheduled and shareholders will receive their redemption proceeds accordingly.

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