TORONTO, Aug. 18 /CNW/ - SCITI Total Return Trust (the "Trust") provides the following unaudited summary of operations for the month ended July 31, 2010.
During the month, distributions and other income, net of expenses, earned by the Trust amounted to approximately $0.1 million or $0.08 per unit. In line with its investment mandate, this amount will be reinvested in income fund units included in the Trust's portfolio. The net asset value per unit as at July 31, 2010 was $10.80. From inception to July 31, 2010 a total of $2.23 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 approximately equally weighted portfolio 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.
SOURCE SCITI TOTAL RETURN TRUST
For further information: For further information: Investor Relations, SCITI Total Return Trust, (416) 945-5369, E-mail: firstname.lastname@example.org, Web site: www.scotiamanagedcompanies.com