TD Waterhouse provides access to hundreds of new issues per year. The term "new issue" describes any security that is being offered to the public for the first time by a company. New issues include IPOs (Initial Public Offerings) as well as secondary or treasury offerings, and include, among others, common shares, preferred shares, income trusts and fixed income products. Whatever form the new issue takes, companies launch them to raise capital to expand their current business, pay down debt, or finance other corporate activities.

When you're ready to purchase shares in a new issue, here are some of the things you should know:

• Before purchasing shares in a new issue, it is important to review the issuing company's preliminary prospectus. This prospectus outlines the new issue's features, potential opportunities and the risks associated with the investment. You'll find the preliminary prospectus for new issues offered by TD Waterhouse in the New Issues Centre.
• If you are ready to purchase shares in a new issue, you must first place an "Expression of Interest" for the quantity of shares you want.
• TD Waterhouse generally allocates its available shares of a new issue on a 'first come, first serve' basis among all the "Expressions of Interest" it receives. Therefore, when placing an "Expression of Interest" you must be willing to accept a fill, a partial fill or no fill at all on your order.
• When the allocation is complete, you'll receive confirmation within the New Issues Centre on the number of shares allotted to you.