TORONTO, July 15 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") announces monthly cash
distributions of $0.1670 per Trust Unit for each record dates in July to
September 2008. Including these distributions, the twelve month trailing
distribution will total $1.767 (2007 - $1.518) per Unit.
Record and payment dates are as follows:
Record Date Payment Date
July 30, 2008 August 15, 2008
August 28, 2008 September 15, 2008
September 29, 2008 October 15, 2008
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.
SCITI is an investment trust to invest in the equity securities of income
funds, corporations and other entities that reflect the makeup of the 50
highest yielding members of the Scotia Capital High Yielding Index on an
approximately equal weight basis.
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: email@example.com, Web site:
www.scotiamanagedcompanies.com, 26th Floor, 40 King Street West, Toronto,
Ontario, M5W 2X6, Tel: (416) 945-4394, Fax:(416) 863-7425