SCITI Trust Declares Monthly Distributions



    TORONTO, Jan. 16 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") announces monthly cash
distributions of $0.13 per Trust Unit for each record date in January to March
2008. Including these distributions, the twelve month trailing distribution
will total $1.5155 (2007 - $1.590) per Unit.

    
    Record and payment dates are as follows:

    Record Date           Payment Date

    January 30, 2008      February 15, 2008
    February 28, 2008     March 14, 2008
    March 28, 2008        April 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 the portfolio, less the
estimated operating expenses for the period. Any difference from the forecast
will be adjusted in the following quarter.
    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


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