TD Mutual Funds Discount Broker Trailing Commissions Settlement

THIS SETTLEMENT IS DIRECTED TO:

All persons, wherever they may reside or be domiciled, who held or hold, at any time on or prior to September 11, 2024, units of a TD Mutual Fund through a discount broker, except for the Excluded Persons (“Class” and “Class Members”).

In the above class definition:

“TD Mutual Funds” means all mutual fund trusts (including, without limitation, all series of units thereof) of which TD Asset Management Inc. (“Defendant”) is trustee or was trustee at any time on or prior to September 11, 2024 (but only in respect of the period during which the Defendant is trustee or was trustee, as applicable), including, for greater certainty, (i) those mutual funds that have been terminated, (ii) those mutual funds that have been merged into other mutual funds, and (iii) those mutual funds that have undergone name changes.

“Excluded Persons” means the Defendant; the past and present parents, subsidiaries, affiliates, officers, directors, senior employees, legal representatives, heirs, predecessors, successors and assigns of the Defendant; the past and present members of the independent review committee of each TD Mutual Fund; and any person who previously opted out of the class action.

Examples of discount brokers are BMO InvestorLine, CIBC Investor’s Edge, National Bank Direct Brokerage, RBC Direct Investing, Scotia iTRADE, TD Direct Investing, CI Direct Trading, Qtrade, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, Wealthsimple, Questrade, and Interactive Brokers. They may have had different names in the past.

A settlement (“Settlement”) has been reached in the class action against the Defendant (“Action”). The Ontario Superior Court of Justice (“Court”) has approved the Settlement. This notice contains important details about the Settlement and how to submit a claim for compensation from the Settlement.

IMPORTANT DEADLINE TO FILE CLAIM FOR COMPENSATION

Claims Bar Deadline (deadline to file a claim for compensation): December 20, 2025

IMPORTANT NOTE ABOUT SEPARATE SETTLEMENT FOR NON-DISCOUNT BROKER HOLDERS OF TD MUTUAL FUNDS

This settlement is only for the benefit of persons who held units of a TD mutual fund trust through a discount broker. If you held units of a TD mutual fund other than through a discount broker (e.g. through an investment advisor), there is a separate settlement that may impact you. Please visit https://www.kalloghlianmyers.com/tdsettlement for more information about that settlement.

IMPORTANT NOTE ABOUT MULTIPLE EMAIL OR MAIL NOTIFICATIONS

Please note you may have received multiple email or mail notifications regarding the claims filing process. This occurs in situations where a Class Member has multiple accounts with TD Direct Investing and the details for those accounts are not identical (e.g. different names, additional account holders, differing mailing addresses etcetera).

If you received multiple Known Claimant (contains Claim ID and PIN) notices, please submit each separately using the unique Claim ID and PIN information after selecting “File a Claim” followed by “I have a Claim ID and PIN, and I would like to securely file a claim online.” When logged in, it will display the account(s) associated to that Claim ID and PIN.

If you received both Known and Unknown Claimant (does not contain Claim ID and PIN) packages you can submit the Known Claimant details using the Claim ID and PIN information provided, as well as making a supplemental claim for your unknown accounts via the Unknown Claimant process by selecting “File a Claim” followed by “I DO NOT have a Claim ID and PIN, and I would like to securely file a claim online.”

If you received multiple Unknown Claimant packages you can combine those into a single Unknown Claimant submission by selecting “File a Claim” followed by “I DO NOT have a Claim ID and PIN, and I would like to securely file a claim online.”