TORONTO, ON - December 23, 2014 /CNW/ - 1832 Asset Management L.P. (the "Manager"), as the manager of Scotia Canadian Income LP, Scotia Conservative Government Bond LP and Scotia Canadian Corporate Bond LP (the "Funds"), announced today that the Funds will be terminated on or about December 29, 2014. The unitholders of the Funds have redeemed all their units in the Funds and the Funds have no holdings. Effective immediately, the Funds have ceased distributing their units.

About 1832 Asset Management L.P.

1832 Asset Management L.P. 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 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 $806 billion (as at October 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.