TORONTO, May 17 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") has declared a cash
distribution of $0.0910 per Trust Unit.
Record and payment date are as follows:
Distribution Amount/Trust Unit
May 30, 2011
June 15, 2011
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 portfolio, less the
estimated operating expenses for the period.
SCITI is an investment trust whose investment portfolio consists of
income funds, corporations and other entities that reflect the makeup
of the 50 highest yielding members of the Scotia Capital High Yielding
Equity Index on an approximately equal weight basis in order to provide
unitholders with a diversified and high yielding portfolio.
Trust Units and Warrants of SCITI are listed for trading on The Toronto
Stock Exchange under the symbols SIN.UN and SIN.WT respectively.
SOURCE SCITI Trust
For further information:
Trustee of SCITI Trust
Web site: www.scotiamanagedcompanies.com
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6
Tel: (416) 945-4394 Fax: (416) 863-7425