TORONTO, April 17 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution
of $0.1330 per Trust Unit, payable on May 15, 2007 to holders of record at the
close of business on April 27, 2007. Consequently, the twelve month trailing
distribution totals $1.572 (2006 - $1.479) per Unit.
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 distributions received in the month from the
underlying income funds in SCITI's portfolio, less SCITI's estimated operating
expenses for the period. As distributions are received by SCITI from the
underlying income funds on a varying payout schedule, amounts distributed by
SCITI will fluctuate from month to month.
SCITI is an investment trust which provides investors with a high current
yield and low cost diversification through a portfolio of the 100 largest
income funds (approximately weighted on a float capitalization basis) included
in the Scotia Capital Income Trust Index.
Trust Units of SCITI are listed for trading on The Toronto Stock Exchange
under the symbol SIN.UN.
For further information:
For further information: Investor Relations, SCITI Limited, Trustee of
SCITI Trust, (416) 945-4394, E-mail: firstname.lastname@example.org, Web site:
www.scotiamanagedcompanies.com, 26th Floor, 40 King Street West, Toronto,
Ontario, M5W 2X6, Tel: (416) 945-4394, Fax:(416) 863-7425