SCITI Trust Declares Monthly Distributions



    TORONTO, Oct. 15 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") announces monthly cash
distributions of $0.1215 per Trust Unit for record dates in October to
December 2007. Including these distributions, the twelve month trailing
distribution will total $1.4945 (2006 - $1.6175) per Unit.

    Record and payment dates are as follows:

    
    Record Date                 Payment Date

    October 30, 2007            November 15, 2007
    November 29, 2007           December 14, 2007
    December 28, 2007           January 15, 2008
    

    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.
    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 income funds in SCITI's portfolio, less
SCITI's estimated operating expenses for the period.
    Trust Units of SCITI are listed for trading on The Toronto Stock Exchange
under the symbol SIN.UN.

    %SEDAR: 00019069E




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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