Skylon Growth & Income Trust Announces Indicative Distribution For Next Twelve Months



    TSX Symbol: SKG.UN

    TORONTO, Feb. 27 /CNW/ - CI Investments Inc. as manager of Skylon Growth
& Income Trust (the "Trust") announces an indicative distribution for the
following twelve months of $0.70 per unit ($0.05833 per month). This is based
upon the prevailing market conditions and the Manager's estimate of
distributable cash flow for the year. This is subject to a special meeting of
the Unitholders of the Trust which will be held on or about March 31, 2009 for
approval by its Unitholders to extend the term of the Trust by ten years to
June 30, 2019.
    The Trust's investment objectives are: (i) to provide unitholders with
monthly distributions; (ii) to endeavour to preserve capital throughout the
life of the Trust; and (iii) to enhance the long-term total return of the
Trust's portfolio.
    The Trust is listed on the Toronto Stock Exchange under the symbol
SKG.UN.





For further information:

For further information: CI Investments Inc., (416) 364-1145,
1-800-268-9374


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