TD Split Inc.

TD Split Inc.

October 30, 2009 16:31 ET

TD Split Inc. Announces Partial Call for Redemption

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2009) - TD Split Inc. (TSX:TDS.B)(TSX:TDS.PR.B) announced today that it has called 194,364 Preferred Shares for cash redemption on November 13, 2009 representing approximately 21.4% of the outstanding Preferred Shares as a result of holders of 194,364 Capital Shares exercising their special annual retraction rights. The Preferred Shares shall be redeemed on a pro rata basis, so that each remaining holder of Preferred Shares will have approximately 21.4% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $28.10 per share. Holders of Preferred Shares that have been called for redemption will be entitled to receive dividends thereon which have been declared but remain unpaid up to but not including November 13, 2009.

In addition, holders of a further 129,600 Preferred and Capital Shares have deposited such shares concurrently for retraction on November 13, 2009. As a result, a total of 323,964 Preferred and Capital Shares, or approximately 31.3% of both classes of shares currently outstanding will be redeemed.

Payment of the amount due to retracting shareholders will be made by the Company on November 13, 2009. From and after November 14, 2009 the holders of Preferred Shares that have been called for redemption will not be entitled to dividends or to exercise any right in respect of such shares except to receive the amount due on redemption.

TD Split generates dividend income for the Preferred Shares and provides the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of The Toronto-Dominion Bank. Information concerning TD Split Inc. is available on our website at

The Capital Shares and Preferred Shares of TD Split are listed on the Toronto Stock Exchange under the symbols TDS.B and respectively.

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    Investor Relations