(all amounts in Canadian dollars)

TORONTO, Dec. 5, 2024 /CNW/ - The Toronto-Dominion Bank (the "Bank") today announced that a dividend in an amount of one dollar and five cents ($1.05) per fully paid common share in the capital stock of the Bank has been declared for the quarter ending January 31, 2025, payable on and after January 31, 2025, to shareholders of record at the close of business on January 10, 2025.

In lieu of receiving their dividends in cash, holders of the Bank's common shares may choose to have their dividends reinvested in additional common shares of the Bank in accordance with the Dividend Reinvestment Plan (the "Plan").

Under the Plan, the Bank has the discretion to either purchase the additional common shares in the open market or issue them from treasury.  If issued from treasury, the Bank may decide to apply a discount of up to 5% to the Average Market Price (as defined in the Plan) of the additional shares.  For the January 31, 2025 dividend, the Bank will issue the additional shares from treasury, with no discount.

Registered holders of record of the Bank's common shares wishing to join the Plan can obtain an Enrolment Form from TSX Trust Company (1-800-387-0825) or on the Bank's website, www.td.com/investor/drip.jsp.  In order to participate in the Plan in time for this dividend, Enrolment Forms for registered holders must be received by TSX Trust Company at P.O. Box 4229, Postal Station A, Toronto, Ontario, M5W 0G1, or by facsimile at 1-888-488-1416, before the close of business on January 10, 2025.  Beneficial or non-registered holders of the Bank's common shares wishing to join the Plan must contact their financial institution or broker for instructions on how to enroll in advance of the above date.

Registered holders who participate in the Plan and who wish to terminate that participation so that cash dividends to which they are entitled to be paid on and after January 31, 2025 are not reinvested in common shares under the Plan must deliver written notice to TSX Trust Company at the above address by no later than January 10, 2025.  Beneficial or non-registered holders who participate in the Plan and who wish to terminate that participation so that cash dividends to which they are entitled to be paid on and after January 31, 2025 are not reinvested in common shares under the Plan must contact their financial institution or broker for instructions on how to terminate participation in the Plan in advance of January 10, 2025.