TD Bank Group Announces Intention to Purchase for Cancellation up to 100 Million of its Common Shares

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TD Bank Group Announces Intention to Purchase for Cancellation up to 100 Million of its Common Shares /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire TORONTO , Feb. 10, 2025 /CNW/ - TD Bank Group ("TD" or the "Bank") (TSX: TD) (NYSE: TD) announced today that, subject to the completion of its previously announced sale of its entire equity investment in The Charles Schwab Corporation (NYSE: SCHW), the approval of the Office of the Superintendent of Financial Institutions Canada, and the approval of the Toronto Stock Exchange ("TSX"), it intends to launch a normal course issuer bid to purchase for cancellation up to 100 million of its common shares, representing approximately 5.7% of its issued and outstanding common shares and its public float as at October 31, 2024 . TD will file a notice of intention with the TSX in this regard. TD may commence purchases under the normal course issuer bid through the facilities of the TSX or other designated exchanges and published markets in Canada , continuing for up to one year after the TSX has accepted the notice of intention. 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 applicable securities laws and regulatory requirements. The price paid for such purchased common shares will be the market price of such common shares at the time of acquisition or such other price as may be permitted by the TSX. All purchased common shares will be cancelled. The timing and amount of any such purchases are subject to regulatory approvals and to management discretion based on factors such as market conditions and capital adequacy. As at October 31, 2024 , the Bank's Common Equity Tier 1, Tier 1, Total Capital and Leverage ratios were 13.11%, 14.78%, 16.76% and 4.19%, respectively. Caution Regarding Forward-Looking Statements From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Secur...

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