PR Newswire | Dec 22, 2020 07:00AM EST

for Scotia Strategic ETF Portfolios and Scotia Index Tracker ETFs

12/22 06:00 CST

Scotia Global Asset Management announces estimated year-end cash distributions for Scotia Strategic ETF Portfolios and Scotia Index Tracker ETFs TORONTO, Dec. 22, 2020

TORONTO, Dec. 22, 2020 /CNW/ - Scotia Global Asset Management today announced the estimated year-end cash distributions for the Scotia Strategic ETF Portfolios listed on the TSX and the Scotia Index Tracker ETFs listed on the NEO for the 2020 tax year. Please note that these are estimated amounts only and have been calculated based upon forward-looking information as of December 11, 2020. As these are estimated amounts, the final distributions may change.

We expect to announce the final year-end cash distribution amounts on or about December 30, 2020. The record date for the 2020 year-end distributions will be December 31, 2020.

The actual taxable amounts of cash distributions for 2020, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2021. Securityholders can contact their brokerage firm for this information.

The estimated cash distribution amounts per unit and payable dates are:

Estimated Tickercash Scotia ETF name symboldistribution Payable date per unit ($)

Scotia Strategic Canadian Equity ETF SCAD 0.000 January 6, Portfolio 2021

Scotia Strategic U.S. Equity ETF PortfolioSUSA 0.000 January 6, 2021

Scotia Strategic International Equity ETF SINT 0.000 January 6, Portfolio 2021

Scotia Strategic Fixed Income ETF SFIX 0.000 January 6, Portfolio 2021

Scotia Canadian Bond Index ETF Tracker SITB 0.000 January 8, 2021

Scotia Canadian Large Cap Equity Index SITC 0.045 January 8, Tracker ETF 2021

Scotia U.S. Equity Index Tracker ETF SITU 0.023 January 8, 2021

Scotia International Equity Index Tracker SITI 0.000 January 8, ETF 2021

Forward-looking informationThis notice contains forward-looking statements with respect to the year-end cash distributions for the Scotia Strategic ETF Portfolios and the Scotia Index Tracker ETFs. Generally, the cash distribution per unit is expected to increase if the net units outstanding of the ETF decrease between December 14, 2020 and December 29, 2020. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and the ETF's tax year end include, but are not limited to, the actual amounts of distributions received by the ETFs; trading activity within the ETFs, including buying and selling of securities; and subscription and redemption activity.

For more information on the Scotia Strategic ETF Portfolios and the Scotia Index Tracker ETFs, please visit here.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

About Scotia Global Asset ManagementScotia 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, and investment solutions for private clients, institutional clients and managed asset programs.

About ScotiabankScotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, 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 a team of over 90,000 employees and assets of approximately $1.1 trillion (as at October 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank