Mr. Andrew Chornenky reports
SCOTIABANK ANNOUNCES REDEMPTION OF SCOTIABANK TRUST SECURITIES - SERIES 2002-1 (SCOTIA BATS II) BY SCOTIABANK CAPITAL TRUST
Scotiabank Capital Trust, an open-end trust and wholly
owned subsidiary of Bank of Nova Scotia, intends to redeem all issued and
outstanding Scotiabank trust securities, Series 2002-1 (Scotia BaTS II),
on June 30, 2012. The redemption price per share will be equal to
$1,000 per Scotia BaTS II plus unpaid indicated distributions to the
June 30, 2012, redemption date. Formal notice will be delivered to the
trust unitholders in accordance with the terms of the offering.
The redemption of the Scotia BaTS II will be financed out of the general
finances of Scotiabank Capital Trust.
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