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TD Bank Group Announces Intention to Purchase for Cancellation up to 61 Million of its Common Shares
TD Bank Group Announces Intention to Purchase for Cancellation up to 61 Million of its Common Sha...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\nTD Bank Group Announces Intention to Purchase for Cancellation up to 61 Million of its Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Jan. 7, 2026 /CNW/ - TD Bank Group (\"TD\" or the \"Bank\") (TSX: TD) (NYSE: TD) announced today that upon the completion of the repurchase for cancellation of $8 billion of its common shares under its existing normal course issuer bid, it intends to terminate its existing normal course issuer bid and, subject to the approval of (i) the Office of the Superintendent of Financial Institutions Canada, and (ii) the Toronto Stock Exchange (\"TSX\"), it intends to launch a new normal course issuer bid to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares. This new normal course issuer bid represents up to 3.63% of the 1,678,704,548 common shares issued and outstanding as at December 31, 2025. TD will file a notice of intention with the TSX in this regard.\nTD's existing normal course issuer bid to repurchase up to 100 million of its common shares under TSX rules commenced on March 3, 2025, and was scheduled to terminate on February 28, 2026, unless terminated earlier in accordance with its terms. TD previously announced its intention to deploy $8 billion from the sale of its equity investment in The Charles Schwab Corporation toward the existing normal course issuer bid. Upon the completion of the repurchase of $8 billion of its common shares under its existing normal course issuer bid, TD now intends to launch a new normal course issuer bid to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares. TD's existing normal course issuer bid will be terminated prior to commencing purchases under the new normal course issuer bid. As at December 31, 2025, TD had repurchased 76,580,300 common shares under its existing normal course issuer bid for a total of approximately $7.53 billion.\nTD may commence purchases under the new normal course issuer bid through the facilities of the TSX or other designa...