TORONTO DOMINION BANK (TD) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: December 04, 2025

Risk Assessment Details

Potential Dilution: 3.6% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

1.7B

Potential Supply

61M

Additional shares possible

Splits

None

Past 2 years

Summary

TD currently has 1.69B outstanding shares. with limited dilution risk as only 60.8M additional shares (3.6%) are authorized for issuance. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Dec 04, 2025	40-F filing \| 1689.5M shares outstanding	1.7B	61M
Dec 20, 2024	F-3 filing: The Toronto-Dominion Bank files an F-3 form to register a shelf offering of senior debt securities, subordinated debt securities, Class A First Preferred Shares, common shares, warrants, subscription receipts and units, up to a total amount of U.S.$75,000,000,000.	1.8B	0
Dec 06, 2024	40-F filing \| 1750.3M shares outstanding	1.8B	0

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