Scotia Global Asset Management announces rate reductions and year-end distribution estimates

On November 29, 2024By Pranco

PR Newsline – 25 minutes ago

TORONTO , November 28, 2024 /CNW/ – Scotia Global Asset Management today announced the reduction of the Annual Fixed Administrative Fee (FAF) for several ScotiaFunds. The changes will be implemented on or about December 6 2024. There will be no change in the investment objectives of the funds as a result of these rate reductions.

The funds with FAF adjustments are as follows:

Fund	Series	New FAF	Current FAF
Scotia Canadian Small Cap Fund	A, F	0.25%	0.26%
Scotia Global Bond Fund	A, F	0.15%	0.30%
Scotia Global Dividend Class	A, F	0.25%	0.30%
Scotia Global Equity Fund	A, F	0.25%	0.35%
Scotia Low Carbon Global Equity Fund	A, F	0.25%	0.35%
Scotia US Opportunities Fund	A, F	0.25%	0.35%

Estimated year-end reinvested distributions for Scotia ETFs

Scotia Global Asset Management also announced estimated year-end reinvested distributions for the Scotia ETFs listed on the Cboe Canada Exchange for the 2024 fiscal year.

These distributions are generally reinvested at year-end in additional units of the applicable Scotia ETF and do not include estimates of any monthly and/or quarterly cash distributions for the remainder of the year. The additional units are immediately consolidated so that the number of units outstanding after the distribution will equal the number of units outstanding before the distribution.

These are estimated amounts only and are calculated based on forward-looking information as of the date October 31, 2024 thus, actual distributions may differ materially from these estimates. We expect on or around December 19, 2024 . The registration date for the last end-of-year benefits of 2024 will be December 30, 2024 payable on January 7, 2025 .

The actual taxable amounts of reinvested and cash distributions for 2024, including the tax characteristics of the distributions, will be provided to CDS Clearing and Depository Services Inc. in early 2025. are reported. Security holders can contact their brokerage firm for this information.

The estimated reinvested distribution amounts are:

Scotia ETF name	Ticker symbol	Estimated reinvested distribution per unit ($)
Scotia Canadian Bond Index Tracker ETF	ZITB	0.00000
Scotia Canadian Large Cap Equity Index Tracker ETF	SITC	0.00000
Scotia Emerging Markets Equity Index Tracker ETF	SITE	0.00000
Scotia International Equity Index Tracker ETF	SITI	0.00000
Scotia Responsible Investing Canadian Bond Index ETF	SRIB	0.00000
Scotia Responsible Investing Canadian Stock Index ETF	SRIC	0.21464
Scotia Responsible Investing International Equity Index ETF	SRII	0.30921
Scotia Responsible Investing US Stock Index ETF	SRIU	0.97295
Scotia US Stock Index Tracker ETF	SITU	0.00000

Forward-looking information

This communication contains forward-looking statements regarding the year-end reinvested distributions for the Scotia ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause actual benefits to differ materially from the estimated benefits set forth in this communication. Factors that could cause actual distributions to differ from estimated distributions between now and the end of the Scotia ETFs’ taxable year include, but are not limited to, trading activity within the Scotia ETFs and subscription and redemption activity.

For more information about these and other ScotiaFunds, please visit the website ScotiaFunds website .

Commissions, ongoing commissions, management fees and expenses may be associated with mutual fund investments. Read the 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 Shares are available for purchase to all investors, while Series F Shares are available only to investors who participate in qualifying fee-based or wrap programs with their registered dealers. Performance differences between these series are mainly due to differences in management fees and fixed administration fees. Performance results for Series F shares may also appear higher than for Series A shares as the management fee does not include the ongoing commission.

About Scotia Global Asset Management

Scotia Global Asset Management® is a corporate name used by 1832 Asset Management LP, a limited partnership whose general partner is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of asset management solutions, including mutual funds, ETFs, liquid alternative investment funds, private equity funds and customized investment solutions for institutions and managed asset programs. For more information please visit www.scotiagam.com .

SOURCE Scotiabank