Form 6-K
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
450,
5th Street
Washington,
D.C. 20549
REPORT
OF FOREIGN PRIVATE ISSUER
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of December, 2005.
The
Toronto-Dominion Bank
(Translation
of registrant's name into English)
c/o
General Counsel’s Office
P.O.
Box 1, Toronto Dominion Centre,
Toronto,
Ontario, M5K 1A2
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If
"Yes" is marked, indicate below the file number assigned to the registrant
in
connection with Rule 12g3-2(b): 82-
FORM
6-K
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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THE
TORONTO-DOMINION BANK
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DATE: December
12, 2005
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By:
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/s/
Rasha El Sissi
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Name:
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Rasha
El Sissi
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Title:
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Associate
Vice President, Legal
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THE
TORONTO-DOMINION BANK
EARNINGS
COVERAGE ON SUBORDINATED NOTES AND DEBENTURES
AND
LIABILITIES FOR PREFERRED SHARES AND CAPITAL TRUST SECURITIES
FOR
THE TWELVE MONTHS ENDED OCTOBER 31, 20051
The
Bank’s interest requirements on all subordinated notes and debentures and
liabilities for preferred shares and capital
trust securities after adjustment for new issues and retirement, amounted
to
$491
million for the 12 months ended October 31, 2005. The Bank reported a net
income, before interest on subordinated debt and liabilities for preferred
shares and capital trust securities and income taxes of $3,560 million for
the
12 months ended October 31, 2005, which was 7.2 times the Bank’s interest
requirements. On an earnings before amortization of intangibles basis the
Bank’s
net income before interest on subordinated debt and liabilities for preferred
shares and capital trust securities and income taxes was $ 4,106 million,
which
was 8.4 times its interest requirements.
1The
Bank’s financial results are prepared in accordance with Canadian generally
accepted accounting principles (GAAP). The Bank refers to results prepared
in
accordance with GAAP as the “reported basis” or “reported”. The Bank also
utilizes earnings before amortization of intangibles to assess each of its
businesses and to measure overall Bank performance. To arrive at this measure,
the Bank removes amortization of intangibles from reported basis earnings.
The
Bank's intangible amortization of assets relates to the TD Banknorth acquisition
in March 2005 and the Canada Trust acquisition in fiscal 2000. The Bank excludes
amortization of intangibles in order to better reflect how management measures
the performance of the Bank. Consequently, the Bank believes that earnings
before amortization of intangibles provides the reader with an understanding
of
how management views the Bank’s performance. As explained, earnings before
amortization of intangibles is different from reported results determined
in
accordance with GAAP. Earnings before amortization of intangibles and other
terms are not defined terms under GAAP and therefore may not be comparable
to
similar terms used by other issuers.