Ms. Claire Dawson reports

SCOTIA GLOBAL ASSET MANAGEMENT EXPANDS ETF LINEUP WITH NEW ASSET ALLOCATION AND SYSTEMATIC ETFS

Scotia Global Asset Management has launched four Scotia asset allocation ETFs (exchange-traded funds), a new suite of professionally managed investment solutions that combine portfolio management and asset allocation in a single ETF. The Scotia asset allocation ETFs have closed their initial offerings of units and are expected to begin trading on Cboe Canada today.

The Scotia asset allocation ETFs provide investors with a simple, low-cost, single-ticket way to build a complete portfolio. The all-in-one ETFs provide diversified exposure across markets, with a choice of asset mixes to suit a range of investment objectives and risk profiles.

Each ETF invests primarily in Scotia Index Tracker ETFs, providing exposure to Canadian, United States, international and emerging market equities, with the conservative, balanced and growth ETFs also providing exposure to Canadian fixed income. The ETFs are managed by Scotia Global Asset Management's multiasset management team, which oversees more than $150-billion in assets as of June, 2026, and provides continuing portfolio oversight, strategic asset allocation and disciplined rebalancing.

No management fee through Oct. 31, 2027

Scotia Global Asset Management will temporarily waive or absorb each Scotia asset allocation ETFs' management fee and certain other expenses until Oct. 31, 2027, such that each ETF's management expense ratio is expected be 0.00 per cent during this period. The standard 0.15-per-cent management fee and other expenses will apply beginning Nov. 1, 2027.

The Scotia asset allocation ETFs are available through Canadian brokerages, including Scotia iTRADE, where clients can buy and sell the ETFs commission-free.

Dynamic Systematic ETFs

The manager also announced the launch of three Dynamic Systematic ETFs, each providing exposure to large-capitalization companies across the Canadian, United States or international equity markets. The ETFs use a systematic, multifactor investment process to seek long-term capital appreciation while balancing risk and return through exposure to multiple investment factors. They complement Dynamic's traditional fundamental active strategies by providing a distinct approach to equity investing. The Dynamic Systematic ETFs have closed their initial offerings of units and are expected to begin trading on the Toronto Stock Exchange today.

The Dynamic Systematic Canadian Equity ETF and Dynamic Systematic U.S. Equity ETF are subadvised by Hillsdale Investment Management Inc. and Dynamic Systematic International Equity ETF is subadvised by State Street Global Advisors.

About Scotia Global Asset Management

Scotia Global Asset Management is a business name used by 1832 Asset Management LP, a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, liquid alternative mutual funds, private asset funds and customized investment solutions for private clients, institutions and managed asset programs.

About Dynamic

Dynamic is a division of 1832 Asset Management LP, which offers a range of wealth management solutions, including mutual funds, actively managed ETFs, liquid alternative mutual funds, private asset solutions, and investment solutions for private clients, institutions and managed asset programs. 1832 Asset Management is a limited partnership, the general partner of which is wholly owned by Scotiabank. Dynamic is a registered trademark of the Bank of Nova Scotia, used under license by 1832 Asset Management.