Scotia Diversified Monthly Income Fund Series A

1 SCOTIAFUNDSAs of February 28, 2022 Scotia Diversified Monthly Income fund - Series ACanadian Neutral BalancedInvestment ObjectiveThe fund 's objective is to provide regular monthlyincome and some capital appreciation. It investsprimarily in a Diversified portfolio of Income generatingsecurities such as: dividend paying common shares,preferred shares, investment grade bonds, convertibledebentures, mortgages, high yield bonds, asset-backedand mortgage-backed securities, Income trust for InvestingnA Monthly stream of cash flow to supplement currentincome needs and the potential for some uses three primary sources of Income togenerate cash flow: Canadian bonds, mortgages andconservative higher dividend-paying exposure to two main asset classesreduces overall volatility, making it suitable for aconservative investor seeking measured stock andbond Rating LOWMEDIUMHIGHTime Horizon Medium-LongFUND ESSENTIALSI nception DateJune 20, Assets $mil3, Initial Inv.

2 ($) Additional Inv.($) % (as of 6/30/2021) $ S&P/TSX Composite Index,50% FTSE TMX Canada UniverseBond StructureCurrencyFundCodeANo LoadCADBNS339 DNo LoadCADBNS139 FNo LoadCADBNS539 Portfolio Manager(s)Oscar BelaicheOscar BelaicheOscar BelaicheOscar Belaiche 1832 Asset Management DickerTom DickerTom DickerTom Dicker 1832 Asset Management BuddRomas BuddRomas BuddRomas Budd 1832 Asset Management GibbsJason GibbsJason GibbsJason Gibbs 1832 Asset Management Asset Management & PORTFOLIO ANALYSISC ompound returns (%)1 Mth3 Mth6 Mth1 Yr2 Yr3 Yr5 Yr10 Year Returns (%) ($/unit)YTD20212020201920182017201620152 01420132012 Total of Capital (ROC) of $10,000$8,000 $13,000 $18,000 $23,000 Jun-05 Feb-22 Composition (%) Canadian Fixed International 10 Holdings% AssetsScotia Canadian Income FundScotia Wealth Canadian Corporate Bond PoolRoyal Bank of Canada ComBCE Inc. Com NewMicrosoft Corp.

3 ComApple Inc. ComNextEra Energy Inc. ComBlackstone Inc. ComFortis Inc. ComJPMorgan Chase & Co. Allocation (%) Income Breakdown (%)Short-term investments (Cash & Other) Backed Backed Portfolio HoldingsStock Holdings65 Bond Holdings156 Other Holdings17 Total Number of Underlying Holdings238 SCOTIAFUNDSS cotia Diversified Monthly Income fund - Series ACanadian Neutral BalancedMANAGER BIOO scar BelaicheManager Since February 15, 20191832 Asset Management is Senior Vice President & Portfolio Manager at 1832 Asset Management He joined 1832 AssetManagement in 1997 and currently heads Dynamic sawardwinning Equity Income team, managing over $ in assets. Oscar graduated in 1980 with an in Business Administration from the University ofWestern Ontario. He has his Chartered Financial Analystdesignation and is a Fellow of the Institute of DickerManager Since February 15, 20191832 Asset Management Dicker is a Vice President and Portfolio Manager at1832 Asset Management He is co-manager of severalfunds and covers a number of areas, including , small cap equities and real estate securities.

4 Tomhas over 13 years of investment industry experience,initially as an analyst and then portfolio manager, withLDIC Inc. As an analyst he performed fundamental analysisfocused on Diversified Canadian equities. As a portfoliomanager he was responsible for the management of equityand Income -oriented funds. Tom received an HonoursBachelor of Commerce Degree from the University ofOttawa and holds the Chartered Financial BuddManager Since April 1, 20211832 Asset Management Budd is Vice President & Portfolio Manager at 1832 Asset Management Romas started in the investmentindustry in 1984 and has been at 1832 Asset and predecessor companies for the past 20 is an Honours graduate of the Bachelor of Scienceprogram at McMaster University and obtained a Masters ofBusiness Administration from the University of GibbsManager Since January 1, 20221832 Asset Management Gibbs joined 1832 Asset Management in 2002as an analyst and became a portfolio manager in 2007.

5 Heis a member of the award-winning Equity Income team andfocuses on investing in best-in-class businesses withsustainable cash flows among dividend paying equities andinfrastructure companies globally. Jason has 15 years ofindustry experience. He received his Bachelor of Accountingfrom Brock University and holds the Chartered Accountantand Chartered Financial Analyst Diversified Monthly Income fund - Series ACanadian Neutral Balanced 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 .

6 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. 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.

7 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. For further details, please refer to the Simplified prospectus .