TORONTO, Sept. 30, 2013 /CNW/ – FT Portfolios Canada Co. (“First Trust“), the manager of ScotiaMcLeod™ Canadian Core Portfolio (the “Fund“), today announced a proposed meeting of unitholders to be held
November 21, 2013 to approve a merger of the Fund with another First
Trust managed fund, First Trust Canadian Capital Strength Portfolio.
The merger is subject to the approval of unitholders of the Fund by way
of an affirmative vote of not less than 50% of the votes cast at the
meeting.

A notice of meeting and management information circular which will
describe the proposed merger will be mailed to unitholders prior to the
meeting. First Trust will also be seeking regulatory approval for the
merger. If approved, it is expected the merger will be effective on or
about November 22, 2013. Units of the Fund will cease to be offered
effective today. Investors will continue to have the right to redeem
securities of the Fund.

The Fund will be terminated no later than December 31, 2013, whether or
not the proposed merger is completed, after which time the User
Agreement between First Trust and Scotia Capital Inc. regarding the
Fund will be terminated.

SOURCE FT Portfolios Canada Co.