SCITI Trust Declares Monthly Distribution

TORONTO, Dec. 15 /CNW/ -The Board of Directors of SCITI Limited in its capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution of $0.1150 per Trust Unit.

Record and payment date are as follows:

Record Date Payment Date Distribution Amount/Trust Unit
December 30, 2010 January 14, 2011 $0.1150

Unitholders are entitled to receive monthly distributions as declared by the Trustee of SCITI. The Trustee generally intends to declare and pay monthly distributions to the extent of forecasted distributions to be received for a calendar quarter from the underlying portfolio, less the estimated operating expenses for the period.

SCITI 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 High Yielding Index on an approximately equal weight basis in order to provide unitholders with a diversified and high yielding portfolio.

Trust Units of SCITI are listed for trading on The Toronto Stock Exchange under the symbol SIN.UN.

SOURCE SCITI Trust

For further information: For further information:

Investor Relations
SCITI Limited,
Trustee of SCITI Trust
(416) 945-4394
E-mail: sciti_trust@scotiacapital.com
Web site: www.scotiamanagedcompanies.com
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6
Tel: (416) 945-4394 Fax: (416) 863-7425


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