Group 1 - The Toronto Stock Exchange has accepted Financial 15 Split Corp.'s notice to initiate a Normal Course Issuer Bid (NCIB) for its Preferred Shares and Class A Shares, starting June 2, 2025, and ending June 1, 2026 [1] - The company plans to purchase up to 6,054,449 Preferred Shares and 6,196,492 Class A Shares, which represents 10% of the public float of 60,544,490 Preferred Shares and 61,964,925 Class A Shares as of May 21, 2025 [2] - The company will not buy more than 1,211,348 Preferred Shares or 1,239,366 Class A Shares in any 30-day period, which is 2% of the issued and outstanding shares as of May 21, 2025 [2] Group 2 - The Board of Directors, advised by Quadravest Capital Management Inc., believes that the share purchases are in the best interests of the company and a desirable use of its funds [3] - All shares purchased under the NCIB will be cancelled [3] Group 3 - The company invests in a high-quality portfolio consisting of 15 financial services companies, including major Canadian and U.S. issuers such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Bank of Nova Scotia (BNS) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.02%. A quarter ago, it was expected that this bank would post earnings of $1.17 per share when it actually produced earnings of $1.22, delivering a surprise of 4.27%.Over the last four quarters, the company h ...

Table of Contents Exhibit 99.1 Quarterly Report to Shareholders Scotiabank reports second quarter results TORONTO, May 27, 2025 – The Bank of Nova Scotia ("Scotiabank") (TSX: BNS; NYSE: BNS) reported second quarter net income of $2,032 million compared to $2,092 million in the same period last year. Diluted earnings per share (EPS) were $1.48, compared to $1.57 in the same period a year ago. Adjusted net income(1) for the second quarter was $2,072 million and adjusted diluted EPS(1) were $1.52, down from $1 ...

Core Viewpoint - Brompton Split Banc Corp. has renewed its at-the-market equity program to issue Class A and Preferred Shares, replacing the previous program established in April 2023 [1][2]. Group 1: ATM Program Details - The renewed ATM Program allows the Fund to issue shares at prevailing market prices through the Toronto Stock Exchange or other Canadian marketplaces, with maximum gross proceeds of $75 million for each share class [2][3]. - The program will be effective until June 22, 2027, unless terminated earlier by the Fund, and the volume and timing of distributions will be at the Fund's discretion [3]. Group 2: Investment Portfolio - The Fund invests in a portfolio consisting of common shares of the six largest Canadian banks, with the option to hold up to 10% of total assets in global financial companies for diversification [4]. Group 3: Investment Objectives - The investment objective for Class A Shares is to provide regular monthly cash distributions targeted at least at $0.10 per share and growth in net asset value [5]. - The investment objective for Preferred Shares is to provide fixed cumulative preferential quarterly cash distributions of $0.15625 per share (6.25% per annum) and return the original issue price by November 29, 2027 [6]. Group 4: Performance Metrics - Over the last 10 years, Class A Shares have delivered a 12.0% per annum total return based on NAV, outperforming the S&P/TSX Composite Total Return Index by 3.7% per annum [7][10]. - Preferred Shares have returned 5.3% per annum over the last 10 years, outperforming the S&P/TSX Preferred Share Total Return Index by 1.7% per annum [7][10].

TORONTO, May 1, 2025 /PRNewswire/ - Scotiabank (TSX: BNS) (NYSE: BNS) today announced its intention to redeem all outstanding US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") at 100% of their principal amount plus accrued and unpaid interest to, but excluding, the date fixed for redemption. The redemption of the Notes will occur on June 4, 2025. Formal notice will be delivered to the noteholders in ac ...

Core Insights - The discussion focuses on the appeal of preferred shares and baby bonds as investment options, highlighting their potential for higher yields with relatively lower risk compared to common equity [2][3][4]. Preferred Shares - Preferred shares provide a way for companies to raise capital without the contractual obligations associated with debt, making them a favorable option for issuers [5]. - Investors can achieve higher yields with lower risk through preferred shares, as they are prioritized above common equity in the capital structure [6][7]. - The limited issuance and lower liquidity of preferred shares contribute to their lesser focus in the investment community compared to common stocks [9]. - Preferred shares lack growth potential, which is a significant reason why some investors prefer common equity, especially for retirement income that needs to keep pace with inflation [10][11]. - A recommended preferred share is from Gladstone Land Corporation, which offers a 6% coupon on a par value of 25, currently yielding around 7.5% due to trading at a discount [25][26]. Baby Bonds - Baby bonds are smaller, more accessible bonds that trade on exchanges, making them easier to buy and sell compared to traditional bonds [12][13]. - They are considered lower risk than preferred shares because interest payments must be made to avoid default, providing a more secure income stream [20][21]. - Baby bonds typically have shorter maturities and are issued in smaller volumes, which can lead to lower liquidity [14][18]. - Oxford Lane Capital is highlighted as a company offering baby bonds that provide high yields while maintaining a strong coverage ratio, making them a lower-risk investment option [79][82]. Investment Strategies - The investment approach for preferred shares often involves selecting high-quality companies to mitigate risks associated with weaker issuers [24]. - ACRES Commercial Realty Corp's preferred shares are noted for their potential, as the company is expected to pay a common dividend later this year, enhancing the attractiveness of its preferreds [69][77]. - The discussion emphasizes the importance of understanding the capital stack and the regulatory limits on debt for registered investment companies, which can provide additional safety for baby bonds [81][82]. Market Context - The current investment landscape shows a significant yield spread between preferred shares and U.S. Treasuries, making preferred shares an attractive option for income investors [41]. - The resilience of farmland as an asset class is highlighted, with Gladstone Land Corporation's preferred shares benefiting from a well-diversified portfolio [39][40]. - Brookfield Renewable Partners is presented as a strong investment opportunity due to its diversified renewable energy portfolio and stable cash flow, with a focus on growth and distribution [42][44][61].

Core Viewpoint - Financial 15 Split Corp. has announced an extension of its termination date from December 1, 2025, to December 1, 2030, allowing shareholders to continue benefiting from their investments [1]. Summary by Sections Company Overview - The Company provides leveraged exposure to a portfolio of high-quality financial services companies from Canada and the U.S. [2]. - The portfolio includes 15 financial services companies, such as Bank of Montreal, Royal Bank of Canada, and Goldman Sachs Group [6]. Shareholder Benefits - Class A shareholders have received total monthly distributions of $26.69 per share since the Company's inception [2]. - Preferred shareholders have received cumulative preferential monthly distributions totaling $12.19 per share since inception [3]. Tax Implications - The extension of the Company's term is not expected to trigger a taxable event, allowing shareholders to defer potential capital gains tax until they dispose of their shares [4]. Dividend Adjustments - The Company reserves the right to amend the minimum rate of cumulative preferential monthly dividends for Preferred Shares during the five-year renewal period, with any changes based on market yields announced by September 30, 2025 [5].

Investor Presentation February 25, 2025 Caution Regarding Forward-Looking Statements Forward-looking Statements From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission (SEC), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to ana ...

Financial Performance - Net interest income for Q1 2025 was $5,173 million, an increase from $4,923 million in Q4 2024 and $4,773 million in Q1 2024[21]. - Total revenue reached $9,372 million, up from $8,526 million in Q4 2024 and $8,433 million in Q1 2024[21]. - Net income attributable to common shareholders decreased to $1,025 million from $1,521 million in Q4 2024 and $2,066 million in Q1 2024[21]. - Basic earnings per share for Q1 2025 was $0.82, down from $1.23 in Q4 2024 and $1.70 in Q1 2024[21]. - Adjusted net income for Q1 2025 was $2,362 million, compared to $2,119 million in Q4 2024[21]. - Reported net income for the three months ended October 31, 2024, was $1,689 million, with net income attributable to common shareholders at $1,521 million[39]. - Adjusted net income for the same period was $2,119 million, with adjusted net income attributable to common shareholders at $1,951 million[39]. - The reported net income for Q1 2025 was $993 million, a decrease of 55% compared to $2,199 million in Q1 2024, primarily due to higher non-interest expenses including a $1,362 million impairment loss[79]. - Adjusted net income increased by 7% to $2,362 million from $2,212 million in the previous year, driven mainly by higher revenues[100]. Revenue and Income Breakdown - Non-interest income increased by 15% to $4,199 million, primarily due to higher trading-related revenues and wealth management revenues[105]. - Total revenue for Q1 2025 was $3,412 million, an increase of $187 million or 6% compared to Q1 2024[134]. - Net interest income rose to $2,647 million, up $156 million or 6%, primarily due to asset and deposit growth[134]. - Non-interest income increased to $765 million, a rise of $31 million or 4%, driven by higher private equity gains and mutual fund distribution fees[135]. - Total revenue for Q1 2025 was $1,594 million, up 23% from $1,293 million in Q1 2024[203]. Credit Losses and Provisions - The provision for credit losses was $1,162 million, compared to $1,030 million in Q4 2024 and $962 million in Q1 2024[21]. - The provision for credit losses increased to $1,162 million in Q1 2025 from $962 million in Q1 2024, representing a $200 million increase[108]. - The provision for credit losses on performing loans rose to $98 million in Q1 2025, compared to $20 million in Q1 2024, primarily due to credit migration in retail unsecured lines and corporate portfolios[109]. - Provision for credit losses was $538 million, an increase of $160 million compared to $378 million in Q1 2024, with a provision ratio of 47 basis points[138]. - Provision for credit losses for Q1 2025 was $18 million, compared to $5 million in Q1 2024, reflecting credit migration and a negative macroeconomic outlook[206]. Expenses and Efficiency - Non-interest expenses rose to $6,491 million in Q1 2025, up 22.6% from $5,296 million in Q4 2024[29]. - Non-interest expenses were $6,491 million in Q1 2025, up $1,752 million or 37% year-over-year, including an impairment loss of $1,362 million related to the sale of banking operations in Colombia, Costa Rica, and Panama[113]. - The productivity ratio increased to 69.3% from 62.1% in Q4 2024, indicating higher non-interest expenses relative to revenue[21]. - The adjusted productivity ratio was 54.5% in Q1 2025, down from 56.0% in Q4 2024, reflecting challenges in managing costs[116]. Capital and Assets - The Common Equity Tier 1 (CET1) capital ratio was 12.9%, slightly down from 13.1% in Q4 2024[21]. - Total assets increased to $1,439,151 million from $1,412,027 million in Q4 2024[21]. - Average total assets for the consolidated bank increased to $1,460,615 million as of January 31, 2025, from $1,418,795 million as of October 31, 2024[53]. - Average assets increased by $15 billion to $460 billion in Q1 2025, driven by a $10 billion increase in residential mortgages[130]. Market and Economic Outlook - The economic outlook indicates a slowdown in U.S. GDP growth to 1.9% in 2025 from 2.8% in 2024, influenced by trade policy uncertainties[91]. - The Canadian economy is expected to grow by 1.8% in 2025, supported by lower policy rates despite trade uncertainties from the U.S.[92]. Strategic Initiatives - The Bank completed an acquisition of approximately 14.9% ownership interest in KeyCorp for about $2.8 billion, with the additional investment of approximately $2.0 billion completed on December 27, 2024[81][82]. - The company aims to enhance its market position through strategic adjustments and potential acquisitions in the upcoming quarters[44].