Bank of Nova Scotia Discloses 8.7% Stake in Centrus Energy (LEU)

Rhea-AI Filing Summary

Bank of Nova Scotia filed a Schedule 13G showing beneficial ownership of 1,581,414 shares of Centrus Energy Corp Class A common stock, representing 8.7% of the class as of 09/30/2025. The filing identifies the reporter as a parent holding company organized in Canada and states sole voting and dispositive power over the reported shares.

The statement is filed under Schedule 13G classification and notes that the ownership is above the 5% threshold but that the shares are not held on behalf of another person. The filing includes a certification about comparable foreign regulatory oversight and is signed by a Bank of Nova Scotia officer on 10/06/2025.

Positive

• Ownership disclosed at 1,581,414 shares provides transparency on a sizable 8.7% stake
• Filing under Schedule 13G indicates a passive reporting classification rather than activist intent
• Certification of comparable foreign regulatory scheme signals compliance with disclosure expectations

Negative

• Concentration risk: a single institutional holder owns 8.7% of the class, which may affect voting outcomes
• Potential for change: the holder could amend to Schedule 13D if intent shifts, which may alter market perception

Insights

Institutional Ownership Analyst

An 8.7% stake signals a meaningful institutional position with potential influence.

The Bank of Nova Scotia reports ownership of 1,581,414 shares, equaling 8.7% of the Class A common stock. Holdings above 5% typically require public disclosure and mark the filer as a significant shareholder whose voting and disposition rights are sole according to the filing.

Risks and dependencies include any future schedule updates if the stake changes; monitor subsequent filings for increases, decreases, or a switch to Schedule 13D which would indicate activist intent within a near-term horizon of several weeks to months.

Regulatory Compliance Expert

Filing shows compliance with 13G disclosure and a certification of comparable foreign regulation.

The report is submitted under the passive investor Schedule 13G framework and includes a certification that the foreign regulatory scheme is substantially comparable to U.S. standards. The filing records sole voting and dispositive power and states that the shares are not held on behalf of another person.

Material next steps to watch are any amendments or certifications requested by staff and whether the holder files a Schedule 13D instead, which would change the regulatory posture within an immediate regulatory review window.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CENTRUS ENERGY CORP

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

15643U104

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 15643U104

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,581,414.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,581,414.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,581,414.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.70 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CENTRUS ENERGY CORP
(b)	Address of issuer's principal executive offices: 6901 ROCKLEDGE DR, SUITE 800, BETHESDA, MARYLAND 20817
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 15643U104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	A parent holding company, in accordance with 13d-1(b)(i)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 1,581,414
(b)	Percent of class: 8.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 1,581,414
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 1,581,414
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T, Compliance Canada
Date:	10/06/2025

FAQ

What stake did Bank of Nova Scotia report in Centrus Energy (LEU)?

Bank of Nova Scotia reported beneficial ownership of 1,581,414 shares, representing 8.7% of Centrus Energy Class A common stock.

Is the Schedule 13G filing for LEU an activist filing?

No. The filing is a Schedule 13G, which typically indicates a passive investor position rather than an activist intent.

Does the filer have voting or dispositive power over the reported LEU shares?

Yes. The filing states the filer has sole voting and sole dispositive power over all 1,581,414 reported shares.

Was the filing certified and when was it signed?

Yes. The filing includes a certification and was signed by Raj Sachdeva on 10/06/2025.

Does the filing indicate the shares are held on behalf of another person?

No. Item 6 and related disclosures state Not Applicable, indicating the shares are not reported as held on behalf of another person.