6-K - BNS - Equibles

UNITED STATES

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: May, 2022	Commission File Number: 002-09048

THE BANK OF NOVA SCOTIA

(Name of registrant)

44 King Street West, Scotia Plaza, Toronto, Ontario, M5H 1H1

(416) 933-4103

(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 ☒

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Form F-3 (File No. 333-261476) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.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: May 25, 2022	By:	/s/ Roula Kataras
		Name:	Roula Kataras
		Title:	Senior Vice-President & Chief Accountant

EXHIBIT INDEX

Exhibit	Description of Exhibit
99.1	Consolidated Capitalization and Consolidated Earnings Ratios
99.2	Statement Regarding the Computation of Consolidated Ratio of Earnings

EX-99.1

Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at April 30, 2022:

	As at<br>April 30, 2022
	(in millions ofCanadian dollars)
Subordinated Debentures		8,447
Equity
Common Equity
Common Shares		18,799
Retained Earnings		52,209
Accumulated Other Comprehensive Income		(6,034	)
Other Reserves		(141	)
Total Common Equity		64,833
Preferred Shares and Other Equity Instruments		5,552
Total Equity Attributable to Equity Holders of the Bank		70,385
Non-controlling Interests
Non-controlling Interests in Subsidiaries		1,582
Total Equity		71,967
Total Capitalization	****	80,414	****

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (“IFRS”) for the six months period ended April 30, 2022 and for each of the years in the five year period ended October 31, 2021.

	Six MonthsEndedApril 30,		October 31,
	2022		2021		2020		2019		2018		2017
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits		7.13		9.00		5.91		6.61		8.15		9.60
Including interest on deposits		2.48		2.56		1.66		1.67		1.88		2.09
Consolidated Ratios of Earnings to Combined Fixed Charges andPreferred Dividends
Excluding interest on deposits		6.28		7.55		5.16		5.88		7.02		8.42
Including interest on deposits		2.40		2.46		1.63		1.65		1.84		2.06

For purposes of computing these ratios:

•	earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized<br>interest and net income from investments in associated corporations);
•	fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated<br>interest within rent, and amortization of debt issuance costs; and
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•	fixed charges, including interest on deposits, represent all interest.
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EX-99.2

Exhibit 99.2

Computation of Consolidated Ratio of Earnings

($ in million)	IFRS
	Q2, 2022		2021		2020		2019		2018		2017
Excluding interest on deposits
Earnings
Income from continuing operations before income taxes		7,168		12,826		8,396		11,270		11,106		10,276
less: gain from investees		175		339		242		650		559		407
		6,993		12,487		8,154		10,620		10,547		9,869
Fixed charges		1,141		1,560		1,661		1,894		1,475		1,147
Earnings		8,134		14,047		9,815		12,514		12,022		11,016
Fixed charges
Interest expense		1,141		1,560		1,661		1,736		1,332		1,014
Estimate of the interest within rental expense		—		—		—		158		143		133
Fixed charges		1,141		1,560		1,661		1,894		1,475		1,147
Preference security dividend<br>requirements^(1)^		154		300		240		233		238		161
Fixed charges and preferred dividends		1,295		1,860		1,901		2,127		1,713		1,308
Ratio of earnings to fixed charges	****	7.13	****	9.00	****	5.91	****	6.61	****	8.15	****	9.60
Ratio of earnings to combined fixed charges and preferred dividends	****	6.28	****	7.55	****	5.16	****	5.88	****	7.02	****	8.42
Including interest on deposits
Earnings
Income from continuing operations before income taxes		7,168		12,826		8,396		11,270		11,106		10,276
less: gain from investees		175		339		242		650		559		407
		6,993		12,487		8,154		10,620		10,547		9,869
Fixed charges		4,738		8,025		12,392		15,765		12,019		9,025
Earnings		11,731		20,512		20,546		26,385		22,566		18,894
Fixed charges
Interest expense		4,738		8,025		12,392		15,607		11,876		8,892
Estimate of the interest within rental expense		—		—		—		158		143		133
Fixed charges		4,738		8,025		12,392		15,765		12,019		9,025
Preference security dividend<br>requirements^(1)^		154		300		240		233		238		161
Fixed charges and preferred dividends		4,892		8,325		12,632		15,998		12,257		9,186
Ratio of earnings to fixed charges	****	2.48	****	2.56	****	1.66	****	1.67	****	1.88	****	2.09
Ratio of earnings to combined fixed charges and preferred dividends	****	2.40	****	2.46	****	1.63	****	1.65	****	1.84	****	2.06
Note (1)	Preference security dividend requirements include the amount of pre-tax earnings that is required to pay the dividends on outstanding preference securities.
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