6-K
Bank Of Nova Scotia (BNS)
SECURITIESAND EXCHANGE COMMISSION
Washington, DC 20549
Form6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
| For<br> the month of: October 2023 | Commission<br>File Number: 002-09048 |
|---|
THE BANK OF NOVA SCOTIA
(Name of registrant)
40Temperance Street, Toronto, Ontario, M5H 0B4
Attention: Secretary's Department (Tel.: (416) 866-3672)
(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 X
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: October 31, 2023 | By: | /s/<br> Meigan<br> Terry |
| Name: Meigan Terry | ||
| Title: SVP, Global Communications |
EXHIBITINDEX
| Exhibit | Description<br> of Exhibit |
|---|---|
| 99.1 | News Release dated October 31,<br> 2023 - Scotiabank announces sale of equity interest in Canadian Tire Financial<br>Services |
Exhibit 99.1
Scotiabank announces sale of equity interest in Canadian Tire Financial Services
TORONTO, Oct. 31, 2023 /CNW/ - Scotiabank announces today that it has signed and closed the sale of its 20% equity interest in Canadian Tire Financial Services (CTFS) to Canadian Tire Corporation. Scotiabank will continue to provide a committed credit facility of $1.1 billion to CTFS for the next 18 months.
As a result of the sale, Scotiabank will be recording an after-tax gain of approximately $319 million in its fourth quarter 2023 earnings. The transaction will benefit the Bank's CET1 ratio by approximately 16bps.
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 $1.4 trillion (as at July 31, 2023), 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 X @Scotiabank.
SOURCE Scotiabank
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2023/31/c4628.html
%CIK: 0000009631
For further information: For investor inquiries only: John McCartney, Investor Relations, Scotiabank, john.mccartney@scotiabank.com; For media inquiries only: Steve Staley, Global Communications, Scotiabank, stephen.staley@scotiabank.com
CO: Scotiabank
CNW 08:19e 31-OCT-23