TORONTO, ON - July 09, 2014 /CNW/ - ScotiaFunds, Scotia Private Pools and Pinnacle Portfolios (the "Funds") announced today that the implementation of a fixed rate administration fee and certain other changes announced by the Funds on May 5, 2014 has been postponed from August 18, 2014 to August 22, 2014.

About 1832 Asset Management L.P.
1832 Asset Management L.P., the manager of the Funds, offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About ScotiaFunds, Scotia Private Pools and Pinnacle Portfolios

ScotiaFunds are a family of mutual funds and portfolio solutions managed by 1832 Asset Management L.P. ScotiaFunds are available from Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod® and Scotia iTRADE®, which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital Inc. are wholly owned by Scotiabank. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia Private Pools are a family of investment pools managed by 1832 Asset Management L.P. and are available through ScotiaMcLeod and Scotia Private Client Group®. Scotia Private Client Group consists of private client services offered by Scotiabank, The Bank of Nova Scotia Trust Company, 1832 Asset Management L.P., 1832 Asset Management U.S. Inc., ScotiaMcLeod Financial Services Inc., WaterStreet Family Offices®, a division of 1832 Asset Management L.P., and ScotiaMcLeod. Pinnacle Portfolios are a family of portfolio solutions offered and managed by 1832 Asset Management L.P. and available exclusively through ScotiaMcLeod.

About Scotiabank
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at April 30, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.

For media inquiries:
Joe Konecny
P: 416-933-1795
E: joe.konecny@scotiabank.com