Mr. Rick Roth reports

SCOTIAFUNDS TO STREAMLINE CASH EQUIVALENT FUND OFFERINGS

Bank of Nova Scotia's ScotiaFunds is streamlining and reducing fees on some of its cash-equivalent fund offerings for customers.

Effective Nov. 10, 2017, the maximum management fees for Series A units of Scotia T-Bill Fund and Scotia Money Market Fund will be reduced from 1 per cent to 0.75 per cent. Furthermore, unitholders with $100,000 or more invested in Series A units of either Scotia T-Bill Fund or Scotia Money Market Fund will automatically begin to receive a 0.25-per-cent management fee distribution.

Also effective Nov. 10, 2017, ScotiaFunds is closing Scotia Premium T-Bill Fund to new purchases. At this time, unitholders with $250,000 to $1-million invested in this fund will begin to receive an increased management fee distribution of 0.35 per cent from 0.2 per cent.

About ScotiaFunds

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

About Bank of Nova Scotia

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia Pacific. The bank has a team of more than 88,000 employees and assets of over $906-billion (as at July 31, 2017).