/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES/
TORONTO, Jan. 6, 2012 /CNW/ - SCITI Limited, in its capacity as trustee
for SCITI Trust (the "Trust"), is pleased to announce that the
syndicate of agents for the previously announced offering of the Trust
has exercised part of its over-allotment option and acquired an
additional 224,944 units of the Trust today. Together with the
5,911,000 units issued on December 14, 2011, the Trust issued a total
of 6,135,944 units under the offering at a price of $12.69 per unit for
gross proceeds of $77,865,129.36.
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 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 SIN.UN.
The syndicate of agents for the offering was led by Scotia Capital Inc.
and included BMO Capital Markets, National Bank Financial Inc., TD
Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond
James Ltd., Desjardins Securities Inc., Mackie Research Capital
Corporation, Macquarie Private Wealth Inc., Manulife Securities
Incorporated, HSBC Securities (Canada) Inc., Industrial Alliance
Securities Inc., Laurentian Bank Securities Inc., and Union Securities
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
SOURCE SCITI Trust
For further information:
Trustee of SCITI Trust
Web site: www.scotiamanagedcompanies.com
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6
Tel: (416) 945-4394 Fax: (416) 863-7425