An anonymous director reports

SCOTIA GLOBAL ASSET MANAGEMENT MAKES SUB-ADVISOR CHANGE

Bank of Nova Scotia's Scotia Global Asset Management will make a subadviser change to 1832 AM Global Credit Pool (the fund).

Effective on or about Jan. 24, 2024, two subadvisers, Manulife Asset Management (US) LLC and Payden & Rygel, will manage the fund.

There will be no change to the investment objectives of the fund resulting from this change.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the fund. Please read the prospectus before investing. Investments in the fund are not guaranteed, their values change frequently and past performance may not be repeated.

About Bank of Nova Scotia

Scotiabank is a leading bank in the Americas. Guided by its purpose, "For every future," it helps its customers, their families and their communities achieve success 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 over 90,000 employees and assets of over $1.4-trillion (as at July 31, 2023), Scotiabank trades on the Toronto Stock Exchange (BNS) and New York Stock Exchange (BNS).