TORONTO, Jan. 26, 2021 /CNW/ - Scotiabank today announced
a dividend on the outstanding shares of the Bank, payable
February 2, 2021, to shareholders of
Non-Cumulative Preferred Shares Series 32 and Series 33 for the
period commencing on January 26,
2021, and ending on, but excluding, February 2, 2021:
Non-Cumulative Preferred Shares
- Series 32, Dividend No. 42 of $0.009891 per share;
- Series 33, Dividend No. 21 of $0.006976 per share;
As previously announced on December 7,
2020, Preferred Shares Series 32 and 33 will be redeemed by
the Bank on February 2, 2021.
Holders may elect to receive their dividends in common shares of
the Bank in lieu of cash dividends, in accordance with the Bank's
Shareholder Dividend and Share Purchase Plan (the "Plan"). As
previously announced, until such time as the Bank elects otherwise,
the Bank has discontinued the issuance of common shares from
treasury under the Plan. Purchases of common shares under the Plan
will be made by Computershare Trust Company of Canada, as agent under the Plan, in the
secondary market at the Average Market Price (as defined in the
Plan). All brokerage commissions or service charges in connection
with such purchases will be paid by the Bank.
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 over 90,000
employees and assets of approximately $1.1
trillion (as at October 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