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Scotiabank to redeem series 18, 19 preferred stock

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Scotiabank to redeem series 18, 19 preferred stock

Bank of Nova Scotia intends to redeem all its outstanding series 18 and series 19 preferred stock.

The redemption has received Office of the Superintendent of Financial Institutions approval. Holders of the shares will be given formal notice.

The shares will be redeemed April 26 at a price equal to C$25.00 per share, together with all declared and unpaid dividends.