SCITI Trust II Declares Monthly Distribution

TORONTO, Sept. 14 /CNW/ - The Board of Directors of SCITI Limited in its capacity as Trustee for SCITI Trust II ("SCITI II") has declared a cash distribution of $0.0650 per Trust Unit.

Record and payment dates are as follows:

    
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    Record Date         Payment Date           Distribution Amount/Trust Unit
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    September 29, 2009  October 15, 2009                   $0.0650
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Unitholders are entitled to receive monthly distributions as declared by the Trustee of SCITI II. 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.

SCITI II 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.

Trust Units of SCITI II are listed for trading on The Toronto Stock Exchange under the symbol CIT.UN.

%SEDAR: 00019832E

SOURCE SCITI TRUST II

For further information: For further information: Investor Relations SCITI Limited, Trustee of SCITI Trust II, (416) 945-4173 E-mail: mc_sciti2@scotiacapital.com, Web site: www.scotiamanagedcompanies.com

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SCITI TRUST II

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