On March 11, 2022, EQ Shareowner Services and First Horizon agreed to suspend the FHN Dividend Reinvestment Plan (DRP) in connection with the previously announced proposed acquisition of First Horizon by The Toronto-Dominion Bank pursuant to and in accordance with the Agreement and Plan of Merger, dated as of February 27, 2022. The proposed transaction is described in more detail in First Horizon’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 3, 2022. As a result of the suspension of the DRP Plan, participants in the DRP Plan will receive their first quarter 2022 First Horizon dividend, payable on April 1, 2022, in cash. During the suspension period, dividend payments of First Horizon will not be automatically reinvested in additional shares of First Horizon common stock and participants in the DRP Plan will be unable to purchase shares of First Horizon common stock through optional cash investments under the DRP. The DRP will remain suspended until (1) the closing of the proposed acquisition of First Horizon by TD, at which time the DRP will be terminated, or (2) the reinstatement of the DRP by First Horizon and the DRP Administrator if the proposed acquisition is terminated in accordance with the Merger Agreement.