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 $0.1600 per Trust Unit for each record date in October to
December 2008. Including these distributions, the twelve month trailing
distribution will total $1.865 (2007 - $1.512) per Unit.
    
    Record and payment dates are as follows:

    -------------------------------------------------------------------------
       Record Date           Payment Date      Distribution Amount/Trust Unit
    -------------------------------------------------------------------------
     October 30, 2008      November 14, 2008               $0.1600
    -------------------------------------------------------------------------
    November 27, 2008      December 15, 2008               $0.1600
    -------------------------------------------------------------------------
    December 30, 2008       January 15, 2009               $0.1600
    -------------------------------------------------------------------------
    

    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.

    %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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