TORONTO, June 22 /CNW/ - Schooner Trust announced today the completion of
an offering of $518,144,935 Commercial Mortgage Pass-Through Certificates,
Series 2007-8, $37,567,935 of which were offered on an exempt basis. The
offering incorporated a new certificate structure which distinguished between
super-senior and junior level "AAA" rated certificates. The junior "AAA"
certificate (Class A-J) was subordinated to the super-senior classes (Class 
 A-1 and A-2), allowing for a different risk profile at the "AAA" level. The
super-senior certificates benefited from greater credit support as a result of
the new Class A-J certificate.
    Schooner Trust was established to acquire interests in multi-family
residential or commercial mortgages and to issue securities backed by such
mortgages.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust; Wealth Management, including TD Waterhouse and an
investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD
Banknorth; and Wholesale Banking, including TD Securities. TD Bank Financial 
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. The Bank had $397 billion in
assets as of April 30, 2007. The Toronto-Dominion Bank trades on the Toronto
and New York Stock Exchanges under the symbol "TD," as well as on the Tokyo
Stock Exchange.

For further information: Chris Stevens, TD Securities, (416) 307-9303