TD Bank calls five-year series AI, series AK preferreds for redemption

By Susanna Moon

Chicago, June 18 – Toronto-Dominion Bank said it issued a call to redeem its 11 million outstanding non-cumulative five-year rate reset preferred shares, series AI.

The company will redeem the notes at C$25.00 per share for a total amount of about C$275 million on July 31, according to a press release.

TD also said it will redeem its 14 million outstanding non-cumulative five-year rate reset preferred shares, series AK, at C$25.00 per share for a total amount of about C$350 million on July 31.

Toronto-Dominion Bank is a Toronto-based bank and financial services company

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