The following table summarizes the shares issued and outstanding and treasury shares held as at October 31.
Common and Preferred Shares Issued and Outstanding and Treasury Shares Held (millions of shares and millions of Canadian dollars)
Common Shares Balance as at beginning of year
Proceeds from shares issued on exercise of stock options Shares issued as a result of dividend reinvestment plan Purchase of shares for cancellation
Balance as at end of year – common shares
Preferred Shares – Class A Series S Series T Series Y Series Z Series 11 Series 31 Series 51 Series 71 Series 91 Series 111 Series 121 Series 141
Balance as at end of year – preferred shares
Treasury shares – common2,3 Balance as at beginning of year Purchase of shares Sale of shares
Balance as at end of year – treasury shares – common
Treasury shares – preferred2,3 Balance as at beginning of year Purchase of shares Sale of shares
Balance as at end of year – treasury shares – preferred 1
NVCC Series 1, 3, 5, 7, 9, 11, 12, and 14 Preferred Shares qualify as regulatory capital under OSFI’s CAR guideline. If a NVCC conversion were to occur in accordance with the NVCC Provisions, the maximum number of common shares that could be issued based on the formula for conversion set out in the respective terms and conditions applicable to each Series of shares, assuming there are no declared and unpaid dividends on the respective Series of shares at the time of conversion, as applicable, would be 100 million, 100 million, 100 million, 70 million, 40 million, 30 million, 140 million, and 200 million, respectively.
Preferred Shares Terms and Conditions Annual Issue date
Fixed Rate Preferred Shares Series 112
Rate Reset Preferred Shares4 Series S Series Y Series 12 Series 32 Series 52 Series 72 Series 92 Series 122 Series 142
Floating Rate Preferred Shares4,5 Series T Series Z
1
July 21, 2015 June 11, 2008
July 16, 2008 June 4, 2014 July 31, 2014
December 16, 2014 March 10, 2015 April 24, 2015
January 14, 2016 September 8, 2016
July 31, 2013
Non-cumulative preferred dividends for each Series are payable quarterly, as and when declared by the Board of Directors. The dividend rate of the Rate Reset Preferred Shares will reset on the next redemption/conversion date and every five years thereafter to equal the then five-year Government of Canada bond yield plus the reset spread noted. Rate Reset Preferred Shares are convertible to the corresponding Series of Floating Rate Preferred Shares, and vice versa. If converted into a Series of Floating Rate Preferred Shares, the dividend rate for the quarterly period will be equal to the then 90-day Government of Canada Treasury bill yield plus the reset spread noted.
2 Non-viability contingent capital.
October 31, 2013 3
4 yield (%)1 4.9 3.371
3.5595 3.9 3.8
3.75 3.6 3.7 5.5
4.85 n/a
n/a spread (%)1 n/a
1.60 1.68 2.24 2.27 2.25 2.79 2.87 4.66 4.12
1.60 1.68
Reset Next redemption/ Convertible conversion date1
October 31, 20203 July 31, 2018
October 31, 2018 October 31, 2019 July 31, 2019
January 31, 2020 July 31, 2020
October 31, 2020 April 30, 2021
October 31, 2021 July 31, 2018
October 31, 2018 n/a
Series T Series Z Series 2 Series 4 Series 6 Series 8 Series 10 Series 13 Series 15
Series S Series Y
Subject to regulatory consent, redeemable on or after October 31, 2020, at a redemption price of $26.00, and thereafter, at a declining redemption price.
Subject to regulatory consent, redeemable on the redemption date noted and every five years thereafter, at $25 per share. Convertible on the conversion date noted and every five years thereafter if not redeemed. If converted, the holders have the option to convert back to the original Series of preferred shares every five years.
5
Subject to a redemption price of $25.50 per share if redeemed prior to July 31, 2018, for Series T and October 31, 2018, for Series Z.
into1 2
1,856.2 4.9 6.0
(9.5) 1,857.6
5.4 4.6 5.5 4.5
20.0 20.0 20.0 14.0 8.0 6.0
28.0 40.0
176.0 1.1 104.9
(105.6) 0.4
0.1 5.1
(5.0) 0.2
$ $ $
$ 20,294 186 335
(104) $ 20,711
$ 135 115 137 113 500 500 500 350 200 150 700
1,000 $ 4,400 $ (49)
(5,769) 5,787
(31) (3)
(115) 113
(5)
1,846.2 3.3 6.7 –
1,856.2
5.4 4.6 5.5 4.5
20.0 20.0 20.0 14.0 8.0 6.0 – –
108.0 1.6 98.2
(98.7) 1.1
– 9.9
(9.8) 0.1
$
When the Bank purchases its own shares as part of its trading business, they are classified as treasury shares and the cost of these shares is recorded as a reduction in equity.
3
Certain comparative amounts have been restated to conform with the presentation adopted in the current period.
$ $
$ 19,811 128 355 –
$ 20,294
$ 135 115 137 113 500 500 500 350 200 150 – –
$ 2,700 $ (54)
(5,269) 5,274
(49) (1)
(244) 242
(3) October 31, 2016
Number of shares
Amount
Number of shares
October 31, 2015 Amount
174 TD BANK GROUP ANNUAL REPORT 2016 FINANCIAL RESULTS
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