A group of underwriters have exercised its option in full to purchase an additional 3 million preferred shares of Toronto-Dominion Bank, the bank said Tuesday.
The non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AK carry a face value of $25 a share.
This brings the total issue announced on March 26, and expected to close April 3, to 14 million shares and gross proceeds raised under the offering to $350 million, the bank said.
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