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Bank of Nova Scotia Halifax | Preferred Shares Series 32 (BNS.PRZ.CA)
Prospectus excerpt: During the Initial Fixed Rate Period (as hereinafter defined), dividends on the Preferred Shares Series 32 shall be payable quarterly at the Initial Fixed Dividend Rate (as hereinafter defined). Accordingly, on each Dividend Payment Date (as hereinafter defined) during the Initial Fixed Rate Period, other than April 27, 2011, the dividend payable, if declared, shall be equal to $0.23125 per share. The first of such dividends, if declared, shall be paid on April 27, 2011 and shall be $0.21541 per share. Full Prospectus PDF », BNS.CA Page »
Series: | 32 | Alternate symbology: | BNS-Z.CA, BNS-PZ.CA, BNSprZ.CA | Redeemable?: | Yes | Call Date: | 2/2/2016 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Conversion Ratio: | Holders of Preferred Shares Series 32 shall have the right, at their option, on February 2, 2016 and on February 2 in every fifth year thereafter (a “Series 32 Conversion Date”), to convert, subject to the terms and provisions hereof and to the provisions of the Bank Act and the payment or delivery to the Bank of evidence of payment of tax (if any) payable, all or any Preferred Shares Series 32 registered in their name into Preferred Shares Series 33 (as hereinafter defined) on the basis of one (1) Preferred Share Series 33 for each Preferred Share Series 32. The Bank shall give notice in writing to the then holders of the Preferred Shares Series 32 of the conversion privilege provided for herein (the “Conversion Privilege”) and such notice shall (i) set out the Series 32 Conversion Date, (ii) include instructions to such holders as to the method by which such Conversion Privilege may be exercised, as described in Section (vii)C and (iii) be given at least 30 days and not more than 60 days prior to the applicable Series 32 Conversion Date. On the 30th day prior to each Series 32 Conversion Date, the Bank shall give notice in writing to the then holders of the Preferred Shares Series 32 of the Annual Fixed Dividend Rate determined by the Bank for the succeeding Subsequent Fixed Rate Period. Each such notice shall be given by mailing such notice by ordinary unregistered first class prepaid mail to the address of each such holder as it appears on the books of the Bank, or if the address of any such holder does not so appear, then to the last known address of such holder. | Liquidation Preference: | $25 | Original Coupon: | 3.7% for the initial fixed rate period, then during each Subsequent Fixed Rate Period, dividends on the Preferred Shares Series 32 shall, if declared, be in the amount per share per annum determined by multiplying the Annual Fixed Dividend Rate applicable to such Subsequent Fixed Rate Period by 5.00, payable quarterly on each Dividend Payment Date in each 12-month period. The Bank shall, in respect of each Subsequent Fixed Rate Period, calculate on each Fixed Rate Calculation Date the Annual Fixed Dividend Rate for such Subsequent Fixed Rate Period and shall, on the Fixed Rate Calculation Date, give written notice thereof to the then holders of Preferred Shares Series 32 by mailing such notice by ordinary unregistered first class prepaid mail to the address of each such holder as it appears on the books of the Bank, or if the address of any such holder does not so appear, then to the last known address of such holder. Each such determination by the Bank of the Annual Fixed Dividend Rate shall, in the absence of manifest error, be final and binding upon the Bank and upon all holders of Preferred Shares Series 32. | Pay Period: | Quarterly | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | CDx3 Compliance Rating: |
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The Bank of Nova Scotia is a financial services provider providing a range of products and services, including personal, commercial, corporate and investment banking. Co. has four operating segments: Canadian Banking, which provides a suite of financial advice and banking solutions to Retail, Small Business and Commercial Banking customers; International Banking, which is a franchise with Retail, Corporate and Commercial customers; Global Wealth Management, which is focused on delivering wealth management advice and solutions; and Global Banking and Markets, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. Preferreds: BNS.PRJ.CA, BNS.PRK.CA, BNS.PRL.CA, BNS.PRM.CA, BNS.PRN.CA, BNS.PRO.CA, BNS.PRP.CA, BNS.PRQ.CA, BNS.PRR.CA, BNS.PRS.CA, BNS.PRT.CA, BNS.PRX.CA, BNS.PRY.CA, BNS.PRZ.CA Open the BNS.CA Information Page »
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