TORONTO, May 31, 2024 /CNW/ - Scotia Global Asset Management announced today that the risk rating for two of its funds will be changing, effective today:

• 1832 AM Global Credit Pool will be changing from "Low" to "Low to Medium"
• Scotia Wealth Global Infrastructure Pool will be changing from "Low to Medium" to "Medium"

This change is in accordance with the risk classification methodology mandated by the Canadian Securities Administrators (CSA). There is no change to the investment objectives or the strategies of the Funds associated with the new risk ratings.

A summary of the CSA's Risk Classification Methodology and the investment objective and strategy of the Funds can be found in the fund's simplified prospectus available at www.scotiafunds.com.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please 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.

Scotia Global Asset Management® is a business name used by 1832 Asset Management L.P., 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 alternatives, private asset funds and customized investment solutions for institutions and managed asset programs. For more information, please visit www.scotiagam.com.

Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, 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 assets of approximately $1.4 trillion (as at April 30, 2024), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

SOURCE Scotiabank