TD BANK GROUP DECLARES DIVIDENDS

(all amounts in Canadian dollars)

TORONTO – February 29, 2024 -

 The Toronto -Dominion Bank (the "Bank") today announced

that a dividend in an amount of one dollar and two cents ($1.02) per fully paid common share in

the capital stock of the Bank has been declared for the quarter ending April 30, 2024, payable on

and after April 30, 2024, to shareholders of record at the close of business on April 9, 2024. 

In lieu of receiving their dividends in cash, holders of the Bank’s common shares may choose to

have their dividends reinvested in additional common shares of the Bank in accordance with the

Dividend Reinvestment Plan (the “Plan”).

Under the Plan, the Bank has the discretion to either purchase the additional common shares in

the open market or issue them from treasury. If issued from treasury, the Bank may decide to

apply a discount of up to 5% to the Average Market Price (as defined in the Plan) of the additional

shares. For the April 30, 2024 dividend, the Bank will issue the additional shares from treasury,

with no discount.

Registered holders of record of the Bank's common shares wishing to join the Plan can obtain an

Enrolment Form from TSX Trust Company (1-800-387-0825) or on the Bank's website,

www.td.com/investor/drip.jsp. In order to participate in the Plan in time for this dividend,

Enrolment Forms for registered holders must be received by TSX Trust Company at P.O. Box

4229, Postal Station A, Toronto, Ontario, M5W 0G1, or by facsimile at 1-888-488-1416, before

the close of business on April 9, 2024. Beneficial or non-registered holders of the Bank's

common shares wishing to join the Plan must contact their financial institution or broker for

instructions on how to enroll in advance of the above date.

Registered holders who participate in the Plan and who wish to terminate that participation so that

cash dividends to which they are entitled to be paid on and after April 30, 2024 are not reinvested

in common shares under the Plan must deliver written notice to TSX Trust Company at the above

address by no later than April 9, 2024. Beneficial or non-registered holders who participate in the

Plan and who wish to terminate that participation so that cash dividends to which they are entitled

to be paid on and after April 30, 2024 are not reinvested in common shares under the Plan must

contact their financial institution or broker for instructions on how to terminate participation in the

Plan in advance of April 9, 2024.

The Bank also announced that dividends have been declared on the following Non-Cumulative

Redeemable Class A First Preferred Shares of the Bank, payable on and after April 30, 2024, to

shareholders of record at the close of business on April 9, 2024: 

●

 Series 1, in an amount per share of $0.228875;

●

 Series 3, in an amount per share of $0.2300625;

●

 Series 5, in an amount per share of $0.24225;

●

 Series 7, in an amount per share of $0.2000625;

●

 Series 9, in an amount per share of $0.202625;

●

 Series 16, in an amount per share of $0.3938125;

●

 Series 18, in an amount per share of $0.3591875;

●

 Series 22, in an amount per share of $0.325; 

●

 Series 24, in an amount per share of $0.31875;

●

 Series 27, in an amount per share of $28.75; and

●

 Series 28, in an amount per share of $36.16.

The Bank for the purposes of the Income Tax Act (Canada) and any similar provincial legislation

advises that the dividend declared for the quarter ending April 30, 2024 and all future dividends

will be eligible dividends unless indicated otherwise.

About TD Bank Group

The Toronto -Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD"

or the "Bank"). TD is the sixth largest bank in North America by assets and serves over 27.5

million customers in four key businesses operating in a number of locations in financial centres

around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and

TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD

Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation;

Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD

Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks

among the world's leading online financial services firms, with more than 17 million active online

and mobile customers. TD had $1.91 trillion in assets on January 31, 2024. The Toronto-

Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

For more information contact: Jennifer dela Cruz

Senior Legal Officer, Corporate

Legal Department – Shareholder Relations

(416) 944-6367

Toll free 1-866-756-8936

Elizabeth Goldenshtein

Senior Manager, Corporate Communications

(416) 994-4124