Portfolio Manager Change on the Scotiabank US Dollar Bond Fund: October 1, 2014

1832 Asset Management L.P. has announced that, effective October 1, 2014, Nicholas Van Sluytman, Vice President & Portfolio Manager, will be leaving the firm. Kevin Pye, Vice President & Portfolio Manager will assume management responsibilities of the Scotiabank US Dollar Bond Fund.

1832 Asset Management L.P. conducts ongoing objective evaluation and proactive management of its Investment Management team to continue to drive a high performance culture. The above Portfolio Manager change is a result of this regular, due diligence process.