ScotiaMcLeod Announces Change in Portfolio Advisor for Pinnacle Global Real Estate Securities Fund

    TORONTO, June 30 /CNW/ - ScotiaMcLeod today announced a change in
portfolio advisor for the Pinnacle Global Real Estate Securities Fund.
Effective July 1, 2009 Forum Partners Europe (UK) LLP (Forum Partners) will
replace Citigroup Alternative Investments LLC. The investment team at Forum
Partners will consist of the same individuals together previously at Citigroup
Alternative Investments LLC. This change in portfolio advisor will maintain
consistency for the Fund, as the team will continue to apply the same
investment strategies.
    Forum Partners is a global real estate investment management firm with
approximately $2 billion in assets under management on behalf of institutional
clients and family offices. Founded in 2002, Forum Partners provides
restructuring capital and market expertise to small and mid-size real estate
companies that are traditionally underserved in the capital markets. They
employ more than 40 professionals in major financial centers around the world
including, London, Hong Kong, Beijing, Seoul and Greenwich. Wholly owned by
its partners and employees, Forum Partners emphasizes an entrepreneurial
spirit, independent ownership and a global approach to investing.
    Forum Partners will join a strong lineup of portfolio advisors already
featured in the Pinnacle Program.
    The Pinnacle Program is a managed asset solution offered exclusively
through ScotiaMcLeod, a division of Scotia Capital Inc. and a member of the
Scotiabank Group. Scotia Capital Inc. is a member of Canadian Investor
Protection Fund (CIPF) and the manager of the Pinnacle Program Funds.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 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 more than $513 billion in assets (as at April 30, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit

    (TM)Trademark of The Bank of Nova Scotia, used under license.
    ScotiaMcLeod is a division of Scotia Capital Inc., a wholly-owned
    subsidiary of, and separate entity from, The Bank of Nova Scotia and
    member CIPF.

For further information:

For further information: Patty Stathokostas, Scotiabank Public Affairs,
(416) 866-3625,

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