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Gold/Mining/Energy : TD - Toronto Dominion Bank -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (183)	5/2/1999 3:21:00 PM
From: Elroy	Respond to of 358

Nuggets from the S-1 APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after the effective date of this Registration Statement. (Waterhouse is) the second largest discount brokerage operations globally with over 2.6 million customer accounts, including approximately 1.9 million active accounts, and more than $100 billion in customer assets under administration as of March 31, 1999 At March 31, 1999, approximately 780,000 of our customer accounts were enabled for online trading, and for the three months ended March 31, 1999, approximately 59% of our average daily trading volume of 110,000 trades were conducted online. According to estimates compiled by industry analysts, our market share of online trading activity in the U.S. was approximately 12% in the first calendar quarter of 1999. This ranks us third in the U.S. and globally based on online trading volume. We will use approximately $106 million of the remaining net proceeds to repay certain intercompany debt to TD Bank and we may use up to $ million to redeem shares of preferred stock of our subsidiaries held by TD Bank. Net income for the three months ended January 31, 1999 was a record $20.1 million, up 208.7% from $6.5 million for the comparable period in 1998. Revenues for the three months ended January 31, 1999 were a record $215.0 million, up 72.7% from $124.5 million for the comparable period in 1998, primarily due to an 81.3% increase in commissions and transaction fees, a 96.4% increase in mutual fund and related revenue and a 43.1% increase in net interest revenue.