TD Bank Group Declares Dividends

The Toronto-Dominion Bank (the “Bank”) announced today that a dividend of $89 per fully paid common share in the Bank’s capital stock has been declared for the quarter ending January 31, 2022. This dividend is payable on or after January 31, 2022 to shareholders of record at the close of business on January 10, 2022.

Holders of the Bank’s common shares may elect to have their dividends reinvested in more common shares of the Bank in accordance with the Dividend Reinvestment Plan, rather than receiving their dividends in cash (the “Plan”).

The Bank has the option of purchasing additional common shares on the open market or issuing them from treasury under the Plan.

The Bank may opt to apply a discount of up to 5% to the additional shares’ Average Market Price (as stated in the Plan) if they are issued from treasury. The Bank will issue extra shares from treasury for the January 31, 2022 dividend at no discount.