Scotiabank announces plans to redeem series 16 preferreds on Jan. 27

By Angela McDaniels

Tacoma, Wash., Dec. 9 – Bank of Nova Scotia plans to redeem its series 16 noncumulative preferred shares on Jan. 27 at a price equal to C$25.00 per share plus declared dividends, according to a bank news release.

The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the bank’s general funds.

Scotiabank is a financial services provider based in Toronto.

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