Business
The Toronto-Dominion Bank Receives Regulatory Approval for Normal Course Issuer Bid
The Toronto-Dominion Bank Receives Regulatory Approval for Normal Course Issuer Bid Canad...
About this update from Toronto-dominion Bank
[{"type":"text","content":"\n\n\nThe Toronto-Dominion Bank Receives Regulatory Approval for Normal Course Issuer Bid\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. 16, 2026 /CNW/ - The Toronto-Dominion Bank (\"TD\") (TSX: TD) (NYSE: TD) announced today that the Toronto Stock Exchange (the \"TSX\") and the Office of the Superintendent of Financial Institutions Canada have approved TD's previously announced new normal course issuer bid  to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares (the \"New Bid\"). TD has completed its previously announced repurchase for cancellation of $8 billion of its common shares under its existing normal course issuer bid and has terminated its existing normal course issuer bid. The New Bid will commence on January 20, 2026, and terminate on (A) the earliest to occur of: (i) January 15, 2027; (ii) the date on which the aggregate purchase cost of common shares purchased equals $7 billion; and (iii) the date on which the maximum number of common shares purchasable is reached; or (B) such earlier date as TD may determine.\nThe maximum number of shares that may be repurchased for cancellation under the New Bid represents approximately 3.64% of the public float of 1,676,327,012 common shares as at January 9, 2026, or 3.64% of the 1,676,776,254 issued and outstanding common shares as at January 9, 2026. Under the TSX rules, TD is entitled to repurchase, during each trading day, up to 1,566,890 common shares (excluding purchases made pursuant to the block purchase exception), which represents 25% of the average daily trading volume of 6,267,562 common shares during the six months ended December 31, 2025. \nTD will make repurchases under the New Bid through the facilities of the TSX as well as through other designated exchanges and alternative trading systems in Canada. Additionally, repurchases may be made through the facilities of the New York Stock Exchange or other designated exchanges and published markets in the U.S. The purchases will be made in accordance with...