SCITI ROCS Trust Declares Final Monthly Distribution and Confirms Final Redemption Date

TORONTO, April 16, 2015 /CNW/ - The Board of Directors of SCITI ROCS Ltd., as general partner of SCITI ROCS Limited Partnership, Trustee for SCITI ROCS Trust (the "Trust") has declared a cash distribution of $0.041 per Trust unit.

Record and payment dates are as follows:

Record Date

Payment Date

Distribution Amount/Trust Unit

April 30, 2015

May 15, 2015

$0.041


The Trustee confirms that all outstanding units will be redeemed by the Trust on its scheduled redemption date of May 15, 2015 in accordance with the redemption provisions of its declaration of the Trust. The redemption of units will constitute a taxable disposition of the Trust's units at the time of redemption.  

A further press release will be issued by the Trust in connection with the redemption price on May 14, 2015. Payment of the amounts due to holders of units will be made by the Trust on May 15, 2015.

The Trust is an investment trust whose investment portfolio consists of income funds, corporations and other entities that reflect the makeup of the 50 highest yielding members of the Scotia Capital High Yielding Equity Index on an approximately equal weight basis subject to a maximum weighting in any one sector of 25% in order to provide unitholders with a diversified and high yielding portfolio.

The units of the Trust are listed for trading on The Toronto Stock Exchange under the symbol SCI.UN.

 

SOURCE SCITI ROCS Trust

For further information: Investor Relations, SCITI ROCS Limited Partnership, Trustee of SCITI ROCS, (416) 863-7251, E-mail: mc.scitirocs@scotiabank.com, Web site: www.scotiamanagedcompanies.com

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SCITI ROCS Trust

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