Scotia Global Asset Management Announces Securityholder Meeting Approval of Certain Changes to ScotiaFunds®

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TORONTO, 28 October 2021 / CNW / – Scotia Global Asset Management today announced that it has received securityholder approval at special meetings held on 28 October 2021 (i) merge (the “Merger”) the Scotia CanAm Index Fund (the “Terminating Fund”) with the Scotia US Equity Index Fund (the “Continuing Fund”), and (ii) modify the investment objectives of the Fund. ‘Scotia International Equity Index Fund and the Scotia Nasdaq Index Fund (together, the “Investment Objective Changes”). Regulatory approvals for the merger and changes in investment objective have also been received. The merger and the changes in the investment objective are expected to enter into force on or about November 8, 2021.

As a result of the merger, the security holders of the Terminating Fund (which has been closed to new and additional purchases since July 24, 2015) may resume pre-authorized contributions and / or lump-sum purchases in the Continuing Fund by contacting their advisor or registered dealer. Effective on the date of the merger, the Manager will also reduce the fixed administration fee for Series A, D and F of the Continuing Fund from 0.17% to 0.16%. The Series I expenses of the Continuing Fund will not be affected.

The investment objectives of the Scotia Nasdaq Index Fund and the Scotia International Equity Index Fund will be changed to allow the funds to track the performance of their respective benchmark index through direct investment through replication or tracking. full optimization, instead of index futures. As part of the investment objective changes, the fixed administration fee of the Funds will be reduced – for Scotia Nasdaq Index Fund (Series A, D and F units) from 0.23% to 0.22%, and for Scotia International Equity Index Fund (Series A, D and F) from 0.32% to 0.24%. Fees relating to Series I units will not be affected. In addition, the current benchmark of the Scotia International Equity Index Fund will change to the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index.

Commissions, trailing commissions, management fees and expenses may be associated with investing in mutual funds. Please read the Scotia® Funds prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer. The values ​​of mutual funds, including ScotiaFunds®, change frequently and past performance may not be repeated.

About Scotia Global Asset Management

Scotia Global Asset Management is a trade name used by 1832 Asset Management LP, a limited partnership the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions including mutual funds, ETFs and investment solutions for private clients, institutional clients and managed asset programs.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our goal of “for every future”, we help our clients, their families and their communities succeed through a wide range of advice, products and services, including personal and commercial banking, wealth management and private banking, investment and investment banking, and capital markets. With a team of more than 90,000 employees and assets of approximately $ 1.2 trillion (as of July 31, 2021), Scotiabank is listed on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange. (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

For further information: For media inquiries, please contact: Alex Mathias, Global Asset Management Communications, Scotiabank, [email protected], 647-537-8036

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www.scotia.ca


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