TD Split Inc. Announces Quarterly Dividends on Preferred and Capital Shares

TD Split Inc. (TSX: TDS.B)(TSX: TDS.PR.B) announced today that it has declared a quarterly dividend on its Preferred Shares of $0.298563 per Preferred Share and on its Capital Shares of $0.22 per Capital Share. The Capital Share dividend has been set based on the current level of dividend income on the Portfolio Shares and on the currently anticipated level of operating expenses for TD Split Inc. The dividends are payable on August 15, 2008 to holders of record on July 31, 2008.

TD Split was established to generate dividend income for the Preferred Shares while providing holders of the Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of The Toronto-Dominion Bank. Information concerning TD Split Inc. is available on our website at www.tdsponsoredcompanies.com .

The Capital Shares and Preferred Shares of TD Split are listed on the Toronto Stock Exchange under the symbols TDS.B and TDS.pr.B respectively.

Contacts: TD Split Inc. Investor Relations (416) 982-2865 Website: www.tdsponsoredcompanies.com