SCITI Trust II Announces Minimum Share Condition Has Been Satisfied
Under the Special Retraction Right, 840,755 Units have been tendered to the Trust for retraction on
About SCITI Trust II
The Trust 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 the Trust. The Trustee 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.
Trust Units of SCITI II are listed for trading on The
Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and anticipated results. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," and similar expressions. These forward-looking statements are based on current expectations and assumptions which are believed to be reasonable as at the date of this statement and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
%SEDAR: 00019832E
For further information: Investor Relations, SCITI Limited, Trustee of SCITI Trust II, (416) 945-4173, E-mail: [email protected], Web site: www.scotiamanagedcompanies.com
Share this article