Scotia Canadian Dividend Fund Series A

1 SCOTIAFUNDSAs of April 30, 2018 Scotia Canadian Dividend fund - Series ACanadian Dividend & Income EquityInvestment ObjectiveThe fund 's objective is to earn a high level of dividendincome with some potential for long-term capitalgrowth. It invests primarily in Dividend paying commonshares and in a broad range of preferred shares, suchas floating rate, convertible and retractable preferredshares of Canadian companiesReasons for InvestingnThe fund invests in higher quality Dividend payingcompanies located primarily in investing in the fund , investors are also investingin the experience and expertise of the fund 'sportfolio non-registered accounts, maximize after-taxincome by taking advantage of the Canadiandividend tax Rating LOWMEDIUMHIGHTime Horizon LongFUND ESSENTIALSI nception DateOctober 28, Assets $mil4, Initial Inv.

2 ($) Additional Inv.($) % (as of 12/31/2017) $ S&P/TSX Composite StructureCurrencyFundCodeANo LoadCADBNS385 FNo LoadCADBNS585 Adv*Deferred SalesCADBNS985 Adv*Front EndCADBNS785 Adv*Low LoadCADBNS885*All advisor Series funds are closed to new investment effective June25, Manager(s)Bill McLeodBill McLeodBill McLeodBill McLeod 1832 Asset Management DickerTom DickerTom DickerTom Dicker 1832 Asset Management BennerEric BennerEric BennerEric Benner 1832 Asset Management Asset Management & PORTFOLIO ANALYSISC ompound returns (%)1 Mth3 Mth6 Mth1 Yr2 Yr3 Yr5 Yr10 Year Returns (%) ($/unit)YTD20172016201520142013201220112 01020092008 Total of $10,000$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Dec-92 Apr-18 Composition (%) Canadian International Cap (%)Mega (>$34B)

3 ($ - $34B) ($850M - $ ) ($220M - $850M) (<$220M) 10 Holdings% AssetsBank of Nova Bank of Imperial Bank of Energy Pacific Railway National Railway 5 Sector Allocation (%) Allocation (%) States of Portfolio HoldingsStock Holdings46 Bond Holdings0 Other Holdings1 Total Number of Underlying Holdings47 SCOTIAFUNDSS cotia Canadian Dividend fund - Series ACanadian Dividend & Income EquityMANAGER BIOBill McLeodManager Since October 1, 20171832 Asset Management brings 13 years of investment industry experience to the Equity Incometeam at 1832 Asset Management LP with a focus on Canadian equity portfoliomanagement. Before joining the firm, he spent 12 years with HSBC GlobalAsset Management (Canada) in progressively senior roles. Most recently, hewas Head of Canadian Equities where he was directly responsible for alldiscretionary decision-making at the portfolio level on multiple domestic equitymandates, which included income-oriented portfolios totalling approximately$3 billion in assets.

4 He began his investment career at Canaccord Genuity as aresearch associate. Bill holds a Bachelor of Arts from Western University, aMaster of Business Administration from the Rotman School of Management atthe University of Toronto, and is a CFA DickerManager Since January 1, 20181832 Asset Management Dicker is a Vice President and Portfolio Manager at 1832 AssetManagement He is co-manager of several funds and covers a number ofareas, including equities, small cap equities and real estate securities. Tomhas over 13 years of investment industry experience, initially as an analyst andthen portfolio manager, with LDIC Inc. As an analyst he performedfundamental analysis focused on diversified Canadian equities. As a portfoliomanager he was responsible for the management of equity and income-oriented funds.

5 Tom received an Honours Bachelor of Commerce Degree fromthe University of Ottawa and holds the Chartered Financial BennerManager Since January 1, 20181832 Asset Management Benner, joined 1832 Asset Management in 2016 and has nearly 15years of investment experience with a focus on global equity portfoliomanagement. His expertise lies in identifying quality companies withindeveloped markets. Before joining the firm, Eric spent eight years with OMERSC apital Markets in progressive roles, including lead managing a multi-billiondollar Global Equity Income portfolio that he was instrumental in developingand launching. Eric has also held progressive analyst and portfoliomanagement roles at two other Canadian institutional pension managers. Ericholds a Bachelor of Commerce Degree with Joint Honours in Economics andFinance from McGill University, a Masters of Financial Economics from theRotman School of Management & Department of Economics at the Universityof Toronto, and is a CFA charterholder.

6 Registered trademarks of The Bank of Nova Scotia , used under are managed by 1832 Asset Management , a limited partnership the general partner of which is wholly owned by The Bank of Nova Scotia . ScotiaFunds are availablethrough 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 ScotiaCapital Inc. are wholly owned by The Bank of Nova Scotia . Scotia Capital Inc. is a member of the Canadian Investor Protection fund and the Investment Industry Regulatory Organization prices are provided for information purposes only. All information pertains to Series A units of the fund unless stated otherwise. Units of the fund are only available for sale to residents ofCanada, unless the laws of a foreign jurisdiction permit sales to its residents.

7 Please contact your financial advisor for more details. The contents of this document should not be considered anoffer to sell to, or a solicitation to buy mutual fund units from, any person in a jurisdiction where such offer or solicitation is considered MUTUAL fund INFORMATIONC ommissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus beforeinvesting. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, theirvalues change frequently and past performance may not be repeated. The indicated rates of return are the historical annual compounded total returnsincluding changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges orincomes taxes payable by any security holder that would have reduced Asset Management , as Manager of the ScotiaFunds, may compensate its staff and any appointed sub-distributor by regular payments based on the net asset value (NAV) of unitsheld by investors.

8 For further details, please refer to the Simplified Prospectus.