Announcements

Scotiabank Mutual Funds announced today their intention to terminate Scotiabank Global Partners Income Portfolio Inc., Scotiabank Global Partners Income and Conservative Growth Portfolios Inc., Scotiabank Global Partners Balanced Income Portfolio Inc., Scotiabank Global Partners Balanced Growth Portfolio Inc. and Scotiabank Global Partners Growth Portfolio Inc. (the Portfolios) subject to shareholder approval. The proposal to terminate the Portfolios has been approved by the board of directors of the Portfolios due to the relatively small asset size and the limited number of shareholders in the Portfolios. A special meeting of shareholders of the Portfolios will be called to seek approval of the proposed termination. If approved, the termination will take place on or about September 1, 2015.

Effective 4 p.m. ET on July 20, 2015, purchases of or switches into the shares of the Portfolios will no longer be available.

Investors will have the right to redeem their shares of the Portfolios up to the close of business on the effective date of termination. Scotiabank Mutual Funds will waive any redemption fees, sales charges or short-term trading fees in connection with the redemptions of shares of the Portfolios.

Please do not hesitate to contact your advisor to discuss investment options available to you, including those offered by Scotiabank Mutual Funds. For further information, please contact Heather Anderson at 647-533-1876 or by email at heather.anderson@scotiabank.com