e425
Filed by The Toronto-Dominion Bank
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12 under the
Securities Exchange Act of 1934
Subject Company: The South Financial Group, Inc.
Commission File No.: 0-15083
This filing, which includes a press release issued by The Toronto-Dominion Bank on June 3,
2010, may contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and comparable safe harbour provisions of applicable Canadian
legislation, including, but not limited to, statements relating to anticipated financial and
operating results, the companies plans, objectives, expectations and intentions, cost savings and
other statements, including words such as anticipate, believe, plan, estimate, expect,
intend, will, should, may, and other similar expressions. Such statements are based upon
the current beliefs and expectations of our management and involve a number of significant risks
and uncertainties. Actual results may differ materially from the results anticipated in these
forward-looking statements. The following factors, among others, could cause or contribute to such
material differences: the ability to obtain the approval of the transaction by The South Financial
Group, Inc. shareholders; the ability to realize the expected synergies resulting from the
transaction in the amounts or in the timeframe anticipated; the ability to integrate The South
Financial Group, Inc.s businesses into those of The Toronto-Dominion Bank in a timely and
cost-efficient manner; and the ability to obtain governmental approvals of the transaction or to
satisfy other conditions to the transaction on the proposed terms and timeframe. Additional
factors that could cause The Toronto-Dominion Banks and The South Financial Group, Inc.s results
to differ materially from those described in the forward-looking statements can be found in the
2009 Annual Report on Form 40-F for The Toronto-Dominion Bank and the 2009 Annual Report on Form
10-K of The South Financial Group, Inc. filed with the Securities and Exchange Commission and
available at the Securities and Exchange Commissions Internet site (http://www.sec.gov).
The proposed merger transaction involving The Toronto-Dominion Bank and The South Financial
Group, Inc. will be submitted to The South Financial Group, Inc.s shareholders for their
consideration. Shareholders are encouraged to read the proxy statement/prospectus regarding the
proposed transaction when it becomes available because it will contain important information.
Shareholders will be able to obtain a free copy of the proxy statement/prospectus, as well as other
filings containing information about The Toronto-Dominion Bank and The South Financial Group, Inc.,
without charge, at the SECs internet site (http://www.sec.gov). Copies of the proxy
statement/prospectus and the filings with the SEC that will be incorporated by reference in the
proxy statement/prospectus can also be obtained, when available, without charge, by directing a
request to The Toronto-Dominion Bank, 15th Floor, 66 Wellington Street West, Toronto, ON
M5K 1A2, Attention: Investor Relations, 1-866-486-4826, or to The South Financial Group, Inc.,
Investor Relations, 104 South Main Street, Poinsett Plaza, 6th Floor, Greenville, South
Carolina 29601, 1-888-592-3001.
The Toronto-Dominion Bank, The South Financial Group, Inc., their respective directors and
executive officers and other persons may be deemed to be participants in the solicitation of
proxies in respect of the proposed transaction. Information regarding The Toronto-Dominion Banks
directors and executive officers is available in its Annual Report on Form 40-F for the year ended
October 31, 2009, which was filed with the Securities and Exchange Commission on December 03, 2009,
and in its notice of annual meeting and proxy circular for its 2010 annual meeting, which was filed
with the Securities and Exchange Commission on February 25, 2010. Information regarding The South
Financial Group, Inc.s directors and executive officers is available in The South Financial Group,
Inc.s proxy statement for its 2010 annual meeting, which was filed with the Securities and
Exchange Commission on April 07, 2010. Other information regarding the participants in the proxy
solicitation and a description of their direct and indirect interests, by security holdings or
otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be
filed with the SEC when they become available.
THE FOLLOWING IS A PRESS RELEASE ISSUED BY THE TORONTO-DOMINION BANK ON JUNE 3, 2010
TD Bank Financial Group Announces Common Share Offering
TORONTO June 3, 2010 The Toronto-Dominion Bank (TD Bank Financial Group or TDBFG) today
announced it has entered into an agreement with a syndicate of underwriters led by TD Securities
Inc. for an issue of 3,525,000 common shares, at a price of $71.00 per common share, to raise gross
proceeds of $250 million.
On May 17, 2010, TDBFG announced its intention to issue approximately $250 million worth of common
shares prior to the closing of The South Financial Group, Inc. transaction for prudent capital
management. The issue will qualify as Tier 1 capital for TDBFG and the expected closing date is
June 15, 2010. Net proceeds will be used for general corporate purposes.
The common shares will be issued by way of a prospectus supplement that will be filed with
securities regulatory authorities in Canada under TDBFGs September 29, 2008 base shelf prospectus.
The common shares to be offered have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the U.S. Securities Act), and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements of the
U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation
of an offer to buy such common shares in the United States or in any other jurisdiction where such
offer is unlawful.
About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group.
TD Bank Financial Group is the sixth largest bank in North America by branches and serves more than
18 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 and
TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S.
Personal and Commercial Banking, including TD Bank, Americas Most Convenient Bank; and Wholesale
Banking, including TD Securities. TD Bank Financial Group also ranks among the worlds leading
on-line financial services firms, with more than 6 million on-line customers. TD Bank Financial
Group had CDN$574 billion in assets as of April 30, 2010. The Toronto-Dominion Bank trades under
the symbol TD on the Toronto Stock Exchange and New York Stock Exchange.
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For more information, please contact:
Rudy Sankovic
Investor Relations
TD Bank Financial Group
416-308-7857
Wojtek Dabrowski
Corporate Communications
TD Bank Financial Group
416-307-8149
Additional Information
The proposed merger transaction involving The Toronto-Dominion Bank and The South Financial Group,
Inc. will be submitted to The South Financial Group, Inc.s shareholders for their consideration.
Shareholders are encouraged to read the proxy statement/prospectus regarding the proposed
transaction when it becomes available because it will contain important information. Shareholders
will be able to obtain a free copy of the proxy statement/prospectus, as well as other filings
containing information about The Toronto-Dominion Bank and The South Financial Group, Inc., without
charge, at the SECs internet site (http://www.sec.gov). Copies of the proxy statement/prospectus
and the filings with the SEC that will be incorporated by reference in the proxy
statement/prospectus can also be obtained, when available, without charge, by directing a request
to The Toronto-Dominion Bank, 15th floor, 66 Wellington Street West, Toronto, ON M5K
1A2, Attention: Investor Relations, 1-866-486-4826, or to The South Financial Group, Inc., Investor
Relations, 104 South Main Street Poinsett Plaza, 6th Floor, Greenville, South Carolina 29601,
1-888-592-3001.
The Toronto-Dominion Bank, The South Financial Group, Inc., their respective directors and
executive officers and other persons may be deemed to be participants in the solicitation of
proxies in respect of the proposed transaction. Information regarding The Toronto-Dominion Banks
directors and executive officers is available in its Annual Report on Form 40-F for the year ended
October 31, 2009, which was filed with the Securities and Exchange Commission on December 03, 2009,
and in its notice of annual meeting and proxy circular for its most recent annual meeting, which
was filed with the Securities and Exchange Commission on February 25, 2010. Information regarding
The South Financial Group, Inc.s directors and executive officers is available in The South
Financial Group, Inc.s proxy statement for its most recent annual meeting, which was filed with
the Securities and Exchange Commission on April 07, 2010. Other information regarding the
participants in the proxy solicitation and a description of their direct and indirect interests, by
security holdings or otherwise, will be contained in the proxy statement/prospectus and other
relevant materials to be filed with the SEC when they become available.