Scotia Income Advantage Fund -- s. 2.1(2) of NI 81-101 Mutual Fund Prospectus Disclosure

Approval

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- exemption from s. 2.1(2) of NI 81-101 to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus -- National Instrument 81-101 Mutual Fund Prospectus Disclosure.

Applicable Legislative Provisions

National Instrument 81-101 Mutual Fund Prospectus Disclosure, ss. 2.1(2), 6.1.

October 10, 2013

Torys LLP

Attention: Marlene Davidge

Dear Sirs/Mesdames:

Re:

Scotia Income Advantage Fund

 

 

Combined Preliminary and Pro Forma Simplified Prospectus, Annual Information Form and Fund Facts dated July 12, 2013

 

 

Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)

 

 

Application No. 2013/0641; SEDAR Project Number 2085046

By letter dated September 17, 2013 (the Application), Scotia Asset Management L.P., the manager of the Fund applied to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from the operation of subsection 2.1(2) of NI 81-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Fund's prospectus, subject to the condition that the prospectus be filed no later than November 22, 2013.

Yours very truly,

"Vera Nunes"
Manager, Investment Funds Branch
Ontario Securities Commission