Scotia Securities Inc. Receives Unitholder Approval for Proposed Changes to Scotia Mutual Funds



    TORONTO, April 9 /CNW/ - Scotia Securities Inc., today announced that
proposals to change certain Scotia Mutual Funds were approved by unitholders
at special meetings held on April 5, 2007 in Toronto.
    "We are pleased that unitholders voted in favour of the changes, which
will result in a more streamlined and diversified fund family for our
investors," said Glen Gowland, Acting President & Acting CEO, Scotia
Securities Inc.
    The changes that were approved by unitholders and take effect on or about
the close of business on April 20, 2007 are as follows:

    
    -   Scotia Young Investors Fund will merge into Scotia Global Growth
        Fund;
    -   Capital U.S. Small Companies Fund will merge into Capital Global
        Small Companies Fund. The continuing Capital Global Small Companies
        Fund will change its investment objective as follows: The fund's
        objective is to achieve long-term capital growth. It invests
        primarily in equity securities of smaller companies located around
        the world;
    -   Capital U.S. Large Companies Fund will change its investment
        objective as follows: The fund's objective is to achieve long-term
        capital growth. It invests primarily in equity securities of U.S.
        companies;
    -   Capital International Large Companies Fund will change its investment
        objective as follows: The fund's objective is to achieve long-term
        capital growth. It invests primarily in securities of companies
        located outside of the U.S.; and
    -   Capital Global Discovery Fund will change its investment objective as
        follows: The fund's objective is to achieve long-term capital growth.
        It invests primarily in a more concentrated portfolio of equity
        securities of companies located around the world.

    Other Changes

    The following fund name changes will be made concurrent with the fund
mergers and changes to the investment objectives outlined above:

    -   Capital Global Small Companies Fund will be renamed Scotia Global
        Small Cap Fund;
    -   Capital U.S. Large Companies Fund will be renamed Scotia U.S. Value
        Fund.
    -   Capital International Large Companies Fund will be renamed Scotia
        International Value Fund;
    -   Capital Global Discovery Fund will be renamed Scotia Global
        Opportunities Fund; and
    -   Scotia Total Return Fund will be renamed Scotia Canadian Tactical
        Asset Allocation Fund.
    

    About Scotia Securities Inc.
    Scotia Securities Inc. is a wholly-owned subsidiary of Scotiabank, one of
North America's premier financial institutions and Canada's most international
bank. With close to 57,000 employees, Scotiabank Group and its affiliates
serve approximately 12 million customers in some 50 countries around the
world. Scotiabank offers a diverse range of products and services including
personal, commercial, corporate and investment banking. With $396 billion in
assets (as at January 31, 2007), Scotiabank trades on the Toronto (BNS) and
New York Exchanges (BNS). For more information please visit
www.scotiabank.com.





For further information:

For further information: Paula Cufre, Scotiabank Public Affairs, (416)
933-1093, paula_cufre@scotiacapital.com


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