TD Bank to Redeem Preferred Shares Series 7
Ticker: TDBCP · Form: 6-K · Filed: Jun 24, 2025 · CIK: 947263
| Field | Detail |
|---|---|
| Company | Toronto Dominion Bank (TDBCP) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-shares, redemption, capital-management
Related Tickers: TD
TL;DR
TD Bank is calling back its Series 7 preferred shares on July 24th, paying $25 plus dividends.
AI Summary
On June 23, 2025, The Toronto-Dominion Bank announced the redemption of its Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 7 (NVCC). The redemption date is set for July 24, 2025, with the redemption price being CAD $25.00 per share, plus any accrued and unpaid dividends.
Why It Matters
This action by TD Bank indicates a potential restructuring of its capital or a move to take advantage of lower interest rates by replacing higher-cost debt.
Risk Assessment
Risk Level: low — This is a standard financial action by a large bank and does not indicate any unusual financial distress.
Key Numbers
- CAD $25.00 — Redemption Price (The amount TD Bank will pay per preferred share)
Key Players & Entities
- The Toronto-Dominion Bank (company) — Filer of the 6-K report and issuer of the preferred shares
- Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 7 (NVCC) (security) — The specific financial instrument being redeemed
- July 24, 2025 (date) — The redemption date for the preferred shares
- CAD $25.00 (dollar_amount) — The redemption price per share
FAQ
What is the specific redemption date for the Series 7 Preferred Shares?
The redemption date is July 24, 2025.
What is the redemption price per share?
The redemption price is CAD $25.00 per share.
What additional amounts will be paid upon redemption?
Accrued and unpaid dividends will also be paid.
What type of financial instrument is being redeemed?
Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 7 (NVCC).
What is the filing type and date?
This is a Form 6-K filed on June 24, 2025, reporting on events as of June 23, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on June 24, 2025 regarding TORONTO DOMINION BANK (TDBCP).