Dundee acquisition completed, shares to delist

Scotiabank announced today that it has acquired the remaining 4 million common shares of DundeeWealth (representing 3.27% of the issued and outstanding common shares) that were not tendered to Scotiabank’s purchase offer, which expired at 12:01 a.m. ET on February 1, 2011.

As a result of the completion of the Compulsory Acquisition, Scotiabank now owns all of the common shares, special shares, series C, special shares, series F and first preference shares, series X. The common shares will be de-listed from the TSX at the close of business today.

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