TD Bank Financial Group announced today that it has acquired an additional 1,637,844 common shares of VFC Inc.

The purchase represents an additional 9.80% of outstanding VFC shares that were not deposited under the offer made by TD on March 13 to acquire all of the outstanding common shares of VFC.

As a result, TD now owns in total 16,709,669 common shares of VFC, representing approximately 99.99% of the outstanding common shares of VFC.

With its focus on non-prime automotive purchase financing, VFC is one of the largest Canadian-owned indirect consumer finance companies in Canada.