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TD Bank calls outstanding class A first preferred shares, series P, Q
By Tali Rackner
Norfolk, Va., Jan. 21 – The Toronto-Dominion Bank will exercise its right to redeem all of its outstanding series P and series Q noncumulative redeemable class A first preferred shares on March 2, according to a press release.
The bank will redeem the 10 million outstanding series P preferreds at C$25.607877 per share, for total redemption proceeds of about C$256 million.
It will redeem the 8 million outstanding series Q preferreds at C$25.615068 per share, for total redemption proceeds of roughly C$205 million.
The redemption amounts in each case represent C$25.50 per share plus a quarterly cash dividend.
The registrar and transfer agent is CST Trust Co. (800 387-0825 or 416 682-3860).
The financial services and banking company is based in Toronto.
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