07:17 AM EDT, 09/23/2025 (MT Newswires) -- The Toronto-Dominion Bank ( MLWIQXX ) (TD.TO, TD) overnight Monday said that it will redeem all of its 8 million outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 9 on Oct. 31, at $25 each for an aggregate total of approximately $200 million.

The redemption was approved by the Office of the Superintendent of Financial Institutions.

TD, on Aug. 28, had announced that dividends of $0.202625 per Series 9 Share had been declared as payable on and after Oct. 31 to shareholders of record at the close of business on Oct. 10.

The Toronto-Dominion Bank ( MLWIQXX ) said that these will be the final dividends on the Series 9 Shares, and will be paid in the usual manner on Oct. 31.

After that date, the Series 9 shares will no longer be entitled to dividends, and holders will only have the right to receive the redemption payment.