Scotia Global Asset Management announces proposed fund mergers and associated fee reduction

June 13, 2024

Scotia Global Asset Management (the “Manager”) announced a proposal to merge the following mutual funds (each, a “Terminating Fund”) into the corresponding mutual funds (each, a “Continuing Fund”):

Approval from securityholders of the Terminating Funds will be voted on at special meetings to be held virtually on or about August 22, 2024. It is anticipated that each proposed merger will be implemented on or about November 22, 2024.

In connection with the proposed mergers, the Fixed Administration Fee on Series A and Series F of the continuing Scotia Canadian Income Fund will be lowered from 0.07% to 0.06% if the mergers are approved by securityholders of the Scotia Canadian Bond Fund and/or Scotia Conservative Fixed Income Portfolio.

More details regarding the proposed mergers can be found in the Management information Circular and other documents shown below.