TD
Second largest Canadian bank
Preferred Shares
3
Credit Rating
-
Avg Yield
5.59%
Avg Price
$25.36
| Symbol | Issue Name | Type | Price | Yield | Par | Notes |
|---|---|---|---|---|---|---|
| TD.PF.I | Toronto-Dominion Bank (The) Non-Cumulative 5-Year Rate Reset Preferred Shares Series 16 (NVCC) | reset | $25.46 | 6.19% | $25.00 | 5YR + 3.01% | Series: Toronto-Dominion_Bank_4.50%,_Series_16_-_NVCC |
| TD.PF.J | Toronto-Dominion Bank (The) non-cumulative 5-year rate reset preferred shares Series 18 (NVCC) | reset | $25.42 | 5.65% | $25.00 | 5YR + 2.70% | Series: Toronto-Dominion_Bank_4.70%,_Series_18_-_NVC |
| TD.PF.A | Toronto-Dominion Bank (The) Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares Serie | reset | $25.19 | 4.93% | $25.00 | 5YR + 2.24% | Series: Toronto-Dominion_Bank_3.90%,_Series_1-_NVCC_ |
Toronto-Dominion Bank (TD) has 3 preferred share series outstanding on the Toronto Stock Exchange — 3 five-year rate resets. The median trailing indicated yield across the cohort is 5.65%, with TD.PF.I the highest-yielding series at 6.19%. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.
The reset calendar is a practical lens on this issuer: 3 of the active series are five-year rate resets, and the next scheduled repricings are TD.PF.I on Oct 31, 2027; TD.PF.J on Apr 30, 2028; TD.PF.A on Oct 31, 2029. At each reset the dividend reprices to the 5-year Government of Canada benchmark plus the spread fixed in the series' terms, and holders may elect a floating-rate sibling where the terms provide one.
Canadian bank preferred shares are non-cumulative five-year rate resets, generally rated Pfd-2 (low) or better, and the cohort trades the deepest liquidity in the market. The structure of the sector means its coupons reprice together at each reset against the GoC-5y benchmark.
Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.