2015 Annual Report

Shareholder Information

Annual meeting

Shareholders are invited to attend the 184th Annual Meeting of Holders of Common Shares, to be held on April 12, 2016, at the Calgary TELUS Convention Centre, 120 9th Avenue SE, Calgary, Alberta, Canada, beginning at 9:30 a.m. (local time). The record date for determining shareholders entitled to receive notice of and to vote at the meeting will be the close of business on February 16, 2016.

Shareholdings and dividends

Information regarding your shareholdings and dividends may be obtained by contacting the transfer agent.

Direct deposit service

Shareholders may have dividends deposited directly into accounts held at financial institutions which are members of the Canadian Payments Association. To arrange direct deposit service, please write to the transfer agent.

Dividend and Share Purchase Plan

Scotiabank’s dividend reinvestment and share purchase plan allows common and preferred shareholders to purchase additional common shares by reinvesting their cash dividend without incurring brokerage or administrative fees. As well, eligible shareholders may invest up to $20,000 each fiscal year to purchase additional common shares of the Bank. All administrative costs of the plan are paid by the Bank. For more information on participation in the plan, please contact the transfer agent.

Listing of shares

Common shares of the Bank are listed for trading on the Toronto and New York stock exchanges.

Series 14, Series 15, Series 16, Series 17, Series 18, Series 19, Series 20, Series 21, Series 22, Series 23, Series 30, Series 31 and Series 32 preferred shares of the Bank are listed on the Toronto Stock Exchange.

Stock Symbols
STOCK TICKER SYMBOL CUSIP NO.
Common shares BNS 064149 10 7
Series 14, Preferred BNS.PR.L 064149 78 4
Series 15, Preferred BNS.PR.M 064149 77 6
Series 16, Preferred BNS.PR.N 064149 76 8
Series 17, Preferred BNS.PR.O 064149 75 0
Series 18, Preferred BNS.PR.P 064149 74 3
Series 19, Preferred BNS.PR.A 064149 73 5
Series 20, Preferred BNS.PR.Q 064149 72 7
Series 21, Preferred
BNS.PR.B 064149 71 9
Series 22, Preferred
BNS.PR.R 064149 69 3
Series 23, Preferred
BNS.PR.C 064149 68 5
Series 30, Preferred BNS.PR.Y 064149 63 6
Series 31, Preferred BNS.PR.D 064149 62 8
Series 32, Preferred BNS.PR.Z 064149 61 0

Dividend Dates for 2016

Record and payment dates for common and preferred shares, subject to approval by the Board of Directors.

RECORD DATEPAYMENT DATE
January 5
January 27
April 5April 27
July 5July 27
October 4 October 27


Valuation day price

For Canadian income tax purposes, The Bank of Nova Scotia’s common stock was quoted at $31.13 per share on Valuation Day, December 22, 1971. This is equivalent to $2.594 after adjusting for the two-for-one stock split in 1976, the three-for-one stock split in 1984, and the two-for-one stock split in 1998. The stock dividend in 2004 did not affect the Valuation Day amount. The stock received as part of the 2004 stock dividend is not included in the pre-1972 pool.

Duplicated communication

Some registered holders of The Bank of Nova Scotia shares might receive more than one copy of shareholder mailings, such as this Annual Report. Every effort is made to avoid duplication; however, if you are registered with different names and/or addresses, multiple mailings may result. If you receive, but do not require, more than one mailing for the same ownership, please contact the transfer agent to combine the accounts.

Credit ratings

SENIOR LONG-TERM DEBT/DEPOSITS

DBRS AA
Fitch AA-
Moody's (1) Aa2
Standard & Poor's A+


SHORT TERM DEPOSITS/COMMERCIAL PAPER

DBRS R-1 (high)
Fitch F1+
Moody's P-1
Standard & Poor's A-1


SUBORDINATED DEBT

DBRS AA (low)
Fitch A+
Moody's (1) A2
Standard & Poor's A-


NON-CUMULATIVE PREFERRED SHARES

DBRS Pfd-2 (high)
Moody's (1) Baa1 (hyb)
Standard & Poor's BBB/P-2*



Credit ratings affect the Bank’s access to capital markets and borrowing costs, as well as the terms on which the Bank can conduct derivatives and hedging transactions and obtain related borrowings. The Bank continues to have strong credit ratings. The current ratings are Aa2 by Moody’s, A+ by Standard and Poor’s (S&P), AA by DBRS and AA- by Fitch.

On November 2, 2015, Moody’s placed the Bank’s long-term ratings of Aa2 on review for downgrade, while affirming the Bank’s short-term deposit rating of P-1. Moody’s will conclude its review over a 90-day period. On October 14, 2015, S&P confirmed the Bank’s A+ rating for Deposits and Senior Debt, as well as the A-1 rating for short-term instruments. The outlook remains unchanged at negative. And similarly, on July 28, 2015, DBRS also confirmed its rating of the Bank including a negative outlook. The rating agencies cite the uncertainty around the federal government’s proposed new “bail-in” regime for senior unsecured debt as the principal reason for the recent system-wide changes in outlook in order to reflect the greater likelihood that such debt may incur losses in the unlikely event of a distress scenario.