SCITI ROCS Trust Declares Monthly Distribution and Announces the Board of<br>Directors is Considering an Extension of the Trust

TORONTO, Nov. 18 /CNW/ - The Board of Directors of SCITI ROCS Limited in its capacity as Trustee for SCITI ROCS Trust (the "Trust") has declared a cash distribution of $0.0475 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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    November 30, 2009   December 15, 2009               $0.0475
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The Trust is scheduled to terminate on May 18, 2010 (the "Redemption Date"). The Board of Directors is currently reviewing alternatives to terminating the Trust such as extending the life of the Trust. There can be no guarantee that after such review, an extension will be proposed, or if proposed, will be approved by holders of units. If applicable, notice of redemption will be given by the Trust at least 30 days prior to the Redemption Date.

Unitholders are entitled to receive monthly distributions as declared by the Trustee of the Trust. 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 portfolio, less the estimated operating expenses for the period.

The Trust is an investment trust which provides investors with tax-efficient monthly distributions and low cost diversification through an approximately equally weighted portfolio of income funds included in the Scotia Capital Income Trust Index as adjusted to exclude any income fund having a float capitalization of less than $200 million.

Trust units of SCITI ROCS Trust are listed for trading on The Toronto Stock Exchange under the symbol SCI.UN.

%SEDAR: 00021988E

For further information: Investor Relations: SCITI ROCS Limited, Trustee of SCITI ROCS, [phone], E-mail: [email protected], Web site: www.scotiamanagedcompanies.com