Security holder vote

Scotia Global Asset Management announces proposed ScotiaFunds mergers and associated fee reductions

Past meetings

July 10, 2026

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 Fund		Continuing Fund
Scotia Income Advantage Fund	to merge into	Scotia Dividend Balanced Fund
Scotia Global Small Cap Fund	to merge into	Scotia Global Equity Fund

Approval from securityholders of the Terminating Funds will be voted on at special meetings to be held virtually on August 12, 2026. If approved, each series of each Terminating Fund is to be merged into the equivalent series of its corresponding Continuing Fund. It is anticipated that each proposed merger will be implemented on or about September 11, 2026.

ScotiaFunds – Proposed Fee Reductions

If the mergers are approved, the following fixed administration fee ("FAF") reductions will be implemented to the applicable Continuing Fund on or about September 11, 2026:

Scotia Dividend Balanced Fund Series A, F, T and FT: the FAF will be reduced to 0.05% from 0.08%.
Scotia Global Equity Fund Series A and F: the FAF will be reduced to 0.15% from 0.25%.

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

Notice and access - July 2026
Management information circular - July 2026

View legal footnotes

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.

® Registered trademarks of The Bank of Nova Scotia, used under licence.