Form 6-K BANK OF NOVA SCOTIA For: Mar 19

 

 

 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of: March 2020

Commission File Number: 002-09048

 

THE BANK OF NOVA SCOTIA

(Name of registrant)

 

44 King Street West, Scotia Plaza 8^th floor, Toronto, Ontario, M5H 1H1

Attention: Secretary's Department (Tel.: (416) 866-3672)

 (Address of Principal Executive Offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F                      Form 40-F    X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):     

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):     

 

This report on Form 6-K shall be deemed to be incorporated by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-228614) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

   

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

		THE BANK OF NOVA SCOTIA
Date: March 19, 2020	By:	/s/ Meigan Terry
		Name: Meigan Terry
		Title: SVP, Global Communications

 

 

 

 

EXHIBIT INDEX

 

Exhibit	Description of Exhibit
99.1	News Release dated March 19, 2020 - Scotiabank Announces Redemption of Non-Cumulative Preferred Share Series 30 & Series 31

 

Exhibit 99.1

 

 

 

 

Scotiabank Announces Redemption of Non-Cumulative Preferred Share Series 30 & Series 31

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES/

TORONTO, March 19, 2020 /CNW/ - Scotiabank (BNS: TSX, NYSE) today announced its intention to redeem all outstanding Non-cumulative 5-Year Rate Reset Preferred Shares Series 30 ("Series 30 Shares") and Non-cumulative Floating Rate Preferred Shares Series 31 ("Series 31 Shares") of Scotiabank on April 26, 2020 at a price equal to $25.00 per share (the "Redemption Price"), together with all declared and unpaid dividends to the date fixed for redemption. Formal notice will be issued to the shareholders in accordance with the share conditions.

The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank. This redemption is part of the Bank's ongoing management of its Tier 1 capital.

On February 25, 2020, the Board of Directors of Scotiabank declared quarterly dividends of $0.113750 per Series 30 Share and $0.166480 per Series 31 Share. These will be the final dividends on the Series 30 Shares and Series 31 Shares, respectively, and will be paid on the date of redemption, April 26, 2020, to shareholders of record at the close of business on April 7, 2020, as previously announced. After April 26, 2020, the Series 30 Shares and the Series 31 Shares will cease to be entitled to dividends.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future," we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 100,000 employees and assets of approximately $1.2 trillion (as at January 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2020/19/c6060.html

%CIK: 0000009631

For further information: For Investor Relations enquiries only: Investor Relations, (416) 775-0798, [email protected]; For media enquiries only: Clancy Zeifman, Global Communications, (416) 933-1864, [email protected]

CO: Scotiabank

CNW 16:30e 19-MAR-20

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