TORONTO, June 14 /CNW/ - The Board of Directors of SCITI ROCS Limited in
its capacity as Trustee for SCITI ROCS Trust (the "Trust") has declared a cash
distribution of $0.0711 per Trust unit, payable on July 13, 2007 to holders of
record at the close of business on June 29, 2007. Consequently, the twelve
month trailing distribution totals $0.9750 (June 2006 - $0.9610) 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 the portfolio, less the 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 the portfolio, less the estimated operating expenses for the period.
The Trust is an investment trust which provides investors with
tax-efficient monthly distributions and low cost diversification through an
approximately equally weighted portfolio of income funds included in the
Scotia Capital Income Trust Index as adjusted to exclude any income fund
having a float capitalization of less than $200 million.
Trust units of SCITI ROCS Trust are listed for trading on The Toronto
Stock Exchange under the symbol SCI.UN.
For further information:
For further information: Investor Relations, SCITI ROCS Limited, Trustee
of SCITI ROCS Trust, (416) 863-7251, E-mail: firstname.lastname@example.org,
Web site: www.scotiamanagedcompanies.com