TORONTO, July 18 /CNW/ - ScotiaMcLeod today announced a change in
portfolio advisor for the Pinnacle Global Real Estate Securities Fund.
Effective October 22, 2007 Citigroup Alternative Investments LLC will replace
AllianceBernstein Canada, Inc.
    Citigroup Alternative Investments is a New York-based portfolio advisor
specializing in real estate investment management, with over US$ 10 billion in
assets under management. Citigroup will join a strong lineup of portfolio
advisors featured in the Pinnacle Program.
    The Pinnacle Program is a managed asset solution offered exclusively
though ScotiaMcLeod, a division of Scotia Capital Inc. and one of Canada's
leading full-service investment firms. ScotiaMcLeod is also a Canadian
Investor Protection Fund (CIPF) member and manager of the Pinnacle Program
Funds.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 58,000 employees, Scotiabank
Group and its affiliates serve approximately 12 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With $412 billion in assets (as at April 30, 2007), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.