June 23, 1999 - TD Bank Announces Payment on TD Bank / Deutsche Telekom Equity Linked Notes
TORONTO -- TD Bank today announced the amount of the cash payment that it will make in respect of the above Notes, in response to
Deutsche Telekom Aktiengesellschaft's ("Deutsche Telekom") common share rights offering to shareholders.
The offering was traded as rights on the Frankfurt Stock Exchange and warrants on the New York Stock Exchange from June 10th until June 21st. In accordance with the
terms of the Notes, the cash payment of $0.32338 per Note is equal the Canadian dollar equivalent of the weighted average trading price of the
warrants.
As set out in the previous press release issued June 14, 1999, the record date for the payment has been set as July 7, 1999 with payment on July 19, 1999.
For more information contact:
TD Access Telephone Banking:
In Toronto 983-2265
All other locations 1-800-9TDBANK (1-800-983-2265)
