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Schooner Trust announces issuance of Commercial Mortgage Pass-Through Certificates
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
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