TORONTO, ON -- (Marketwired) -- 06/22/15

1832 Asset Management L.P. (the "Manager"), as the manager of the Scotia Private Options Income Pool (the "Fund"), today announced that effective on or about June 24, 2015, State Street Trust Company Canada ("State Street") will become the Custodian of the Fund. State Street manages other mutual funds managed by the Manager with similar investment objectives and strategies.

About 1832 Asset Management L.P.
1832 Asset Management L.P. 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 L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 86,000 employees and assets of $837 billion (as at April 30, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankNews.

For more information, please contact:

Devinder Lamsar
Public and Corporate Affairs
(416) 933-1171
Devinder.lamsar@scotiabank.com