TD Split Inc.
TSX : TDS
TSX : TDS.pr.A

TD Split Inc.

September 28, 2005 19:08 ET

TD Split Inc. Increases Capital Share Dividend

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - TD Split Inc. (TSX:TDS)(TSX:TDS.pr.A) announced today that it has declared a quarterly dividend on its Preferred Shares of $0.2205 per Preferred Share and on its Capital Shares of $0.17 per Capital Share. The Capital Share dividend reflects an increase of $0.02 per share and has been set based on the current level of the TD Bank common share dividend rate and on the currently anticipated level of operating expenses for TD Split Inc. The dividends are payable on November 15, 2005 to holders of record on November 1, 2005.

TD Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares, until the Redemption Date on November 15, 2005, with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of The Toronto-Dominion Bank. The Board of Directors is currently reviewing a variety of alternatives to provide holders of Capital Shares with a choice between retaining their leveraged participation in the portfolio or having their Capital Shares redeemed as scheduled on the Redemption Date. Information concerning TD Split Inc. is available on our website at www.tdsponsoredcompanies.com.

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

Contact Information

  • TD Split Inc.
    R. Denys Calvin
    Chief Financial Officer and Secretary
    (416) 982-5249