TD.PR.A Settles: Above Par on High Volume

TD Bank has announced:

that a group of underwriters led by TD Securities Inc. has exercised the option to purchase an additional 2 million non-cumulative 5-Year Reset Preferred Shares, Series AA (the “Series AA Shares”) carrying a face value of $25.00 per share. This brings the total issue announced on September 2, 2008, and expected to close September 12, 2008, to 10 million shares and gross proceeds raised under the offering to $250 million. TDBFG has filed in Canada a prospectus supplement to its January 11, 2007 short form base shelf
prospectus in respect of this issue.

Details of this issue were reported when the issue was announced on September 2.

So – another greenshoe fully exercised for a fixed-reset issue! They’re clearly easy to sell, despite various reservations.

TD.PR.A traded 908,645 shares today in a range of 25.00-15, closing at 25.10-12, 10×6. It has been added to the HIMIPref™ database and Fixed-Reset Index.

One Response to “TD.PR.A Settles: Above Par on High Volume”

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