TORONTO, June 14 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution
of $0.1075 per Trust Unit, payable on July 13, 2007 to holders of record at
the close of business on June 28, 2007. Consequently, the twelve month
trailing distribution totals $1.5560 (2006 - $1.5390) per Unit.
Historically, monthly distributions have been paid on a varying payout
schedule based on distributions received in the month from the underlying
income funds in SCITI's portfolio, less SCITI's estimated operating expenses
for the period. Commencing in July, the Trustee intends to declare and pay an
equal monthly distribution for each calendar quarter based on forecasted
distributions to be received in the quarter from the underlying income funds
in SCITI's portfolio, less SCITI's estimated operating expenses for the
SCITI is an investment trust which provides investors with a high current
yield and low cost diversification through a portfolio of the 100 largest
income funds (approximately weighted on a float capitalization basis) included
in the Scotia Capital Income Trust Index.
Trust Units of SCITI are listed for trading on The Toronto Stock Exchange
under the symbol SIN.UN.
For further information:
For further information: Investor Relations, SCITI Limited, Trustee of
SCITI Trust, (416) 945-4394, E-mail: firstname.lastname@example.org, Web site:
www.scotiamanagedcompanies.com, 26th Floor, 40 King Street West, Toronto,
Ontario, M5W 2X6, Tel: (416) 945-4394, Fax: (416) 863-7425