Toronto Dominion Bank (TSE:TD) has released an update.
TD Bank Group is set to redeem all its outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 22, totaling approximately $350 million, on April 30, 2024. Shareholders will receive the final dividend payment of $0.325 per share on the same day, with no further dividends thereafter. Investors holding these shares through intermediaries should contact their financial institution or TSX Trust Company for details on receiving redemption proceeds.
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