Money from sale of Charles Schwab in US flows back to shareholders (ex-dividend date tomorrow).
TD's existing normal course issuer bid to repurchase up to 100 million of its common shares under TSX rules commenced on March 3, 2025, and was scheduled to terminate on February 28, 2026, unless terminated earlier in accordance with its terms. TD previously announced its intention to deploy $8 billion from the sale of its equity investment in The Charles Schwab Corporation toward the existing normal course issuer bid. Upon the completion of the repurchase of $8 billion of its common shares under its existing normal course issuer bid, TD now intends to launch a new normal course issuer bid to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million common shares. TD's existing normal course issuer bid will be terminated prior to commencing purchases under the new normal course issuer bid. As at December 31, 2025, TD had repurchased 76,580,300 common shares under its existing normal course issuer bid for a total of approximately $7.53 billion.