- The Toronto Dominion Bank (TD) has received TSX and OSFI approval for a normal course issuer bid
- TD will purchase for cancellation up to a maximum of 50 million common shares between January 11, 2022 and January 10, 2023
- The number of common shares that can be purchased is subject to a daily maximum of 1,237,592 common shares
- TD is the fifth largest bank in North America by assets and serves more than 26 million customers
- The Toronto Dominion Bank (TD) opened trading at C$100.56 per share
The Toronto Dominion Bank (TD) has received TSX and OSFI approval for a normal course issuer bid.
TD will purchase for cancellation up to a maximum of 50 million common shares between January 11, 2022 and January 10, 2023, or earlier at the company’s discretion.
The company may purchase up to 2.7 per cent of its public float, as of December 31, 2021.
The number of common shares that can be purchased is subject to a daily maximum of 1,237,592 common shares. The price that TD will pay for any common shares will be the prevailing market price on the TSX at the time of such purchase.
As of the close of business on December 31, 2021, the bank had 1,824,672,626 common shares issued and outstanding.
Common shares acquired will be cancelled.
TD intends to establish an automatic share purchase plan.
TD is the fifth-largest bank in North America by assets and serves more than 26 million customers in three key businesses operating in a number of locations in financial centres around the globe.
The Toronto Dominion Bank (TD) opened trading at C$100.56 per share.