TORONTO, April 2 /CNW/ - The Toronto-Dominion Bank (the "Bank") today
announced that a dividend has been declared on the following Non-Cumulative
Redeemable Class A First Preferred Shares of the Bank, payable on and after
April 30, 2009, to shareholders of record at the close of business on April 8,
2009:

    -  Series AI, in an amount per share of $0.23545

    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, 2009, and all future dividends will be eligible dividends
unless indicated otherwise.

For further information: Annette Galler, Senior Legal Officer, Corporate
Legal Department - Shareholder Relations, (416) 944-6367, Toll free
1-866-756-8936; Simon Townsend, Media Relations, Corporate & Public Affairs,
(416) 944-7161