On February 20, 2024, The Toronto-Dominion Bank announced that it has received a shareholder proposal from InvestNow Inc, on behalf of Gina Pappano, requesting the Company to commission and issue a report disclosing the Company?s exposure to oil and gas divestment and to qualify and quantify the impacts of divestment from the Canadian oil and gas sector on shareholder value and other relevant economic analysis should Company continue on the path toward currently established Net Zero objectives. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on April 18, 2024.