TD Split Inc. Announces Partial Call for Redemption
TORONTO, ONTARIO -- (Marketwire) -- 11/01/12 -- TD Split Inc.
(TSX:TDS.C)(TSX:TDS.PR.C) (the "Company") announced today that it has
called 612,987 Class C Preferred Shares for cash redemption on
November 15, 2012, representing approximately 29.64% of the
outstanding Class C Preferred Shares as a result of holders of
612,987 Class C Capital Shares exercising their special annual
retraction rights. The Class C Preferred Shares shall be redeemed on
a pro rata basis, so that holders of record of Class C Preferred
Shares on the close of business on November 14, 2012 will have
approximately 29.64% of their Class C Preferred Shares redeemed. The
redemption price for the Class C Preferred Shares will be $10.00 per
share. Holders of Class C Preferred Shares that have been called for
redemption will only be entitled to receive dividends thereon which
have been declared but remain unpaid up to and including November 15,
In addition, holders of a further 274 Class C Preferred and Class C
Capital Shares have deposited such shares concurrently for retraction
on November 15, 2012. As a result, a total of 613,261 Class C
Preferred and Class C Capital Shares, or approximately 29.65% of both
classes of shares currently outstanding will be redeemed.
Payments of cash owing as a result of shareholders having exercised
their retraction privilege and the above notice of call on the Class
C Preferred Shares, will be made by the Company on November 15, 2012.
The Company was established to generate dividend income for the Class
C Preferred Shares while providing holders of the Class C Capital
Shares with a leveraged opportunity to participate in capital
appreciation from a portfolio of common shares of The
Toronto-Dominion Bank. Information concerning TD Split Inc. is
available on our website at www.tdsponsoredcompanies.com.
The Class C Capital Shares and Class C Preferred Shares of TD Split
are listed on the Toronto Stock Exchange under the symbols TDS.C and
TD Split Inc.
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