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”):
| Terminating Funds | Continuing Funds | |
|---|---|---|
| Scotia Canadian Bond Fund | to merge into | Scotia Canadian Income Fund |
| Scotia Conservative Fixed Income Portfolio | ||
| Scotia European Equity Fund | to merge into | Scotia International Equity Fund |
| Scotia International Equity Blend Class |
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.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the fund’s simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently, and past performance may not be repeated.
Series A units are available for purchase to all investors, while Series F units are only available to investors who participate in eligible fee-based or wrap programs with their registered dealers. Differences in performance between these series are primarily due to differences in management fees and fixed administration fees. Performance results for Series F units may also appear higher than for Series A units as the management fee does not include the trailing commission.
ScotiaFunds® are managed by Scotia Global Asset Management. ScotiaFunds are available through Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod® and Scotia iTRADE®, which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital Inc. are wholly owned by The Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.
Scotia Global Asset Management® is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank.
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