SCITI Total Return Trust Provides Summary of Operations for the Month of December



    TORONTO, Jan. 17 /CNW/ - SCITI Total Return Trust (the "Trust") provides
the following unaudited summary of operations for the month ended December 31,
2007. During the month, distributions and other income, net of expenses,
earned by the Trust amounted to approximately $1.2 million or $0.09 per unit.
In line with its investment mandate, this amount will be reinvested in income
fund units included in the Trust's portfolio and used to fund units purchased
under the Trust's normal course issuer bid.
    During the month, no units were purchased under its normal course issuer
bid. The net asset value per unit as at December 31, 2007 was $9.64. From
inception to December 31, 2007 a total of $1.35 per unit has been either
reinvested in the underlying portfolio or used to repurchase units.
    The Trust was created to provide holders of units with tax efficient
exposure to the total return of an equally weighted portfolio of income funds
of the 100 largest income funds included in the Scotia Capital Income Trust
Index from time to time.
    Units are listed for trading on the TSX under the symbol STF.UN.

    %SEDAR: 00023434E




For further information:

For further information: Investor Relations, SCITI Total Return Trust,
(416) 945-5369, E-mail: mc_scititrt@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

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SCITI TOTAL RETURN TRUST

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