SCITI Trust and SCITI Trust II Announce Successful Completion of Merger
Unitholders of SCITI Trust II are not required to take any action in order to be recognized as a unitholder of SCITI Trust and to be in a position to trade units of SCITI Trust on the
About SCITI Trust
SCITI Trust is an investment trust to invest in the equity securities 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 basis.
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 portfolio, less the estimated operating expenses for the period.
Trust units of SCITI Trust are listed for trading on the TSX under the symbol SIN.UN.
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.
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For further information: Investor Relations: SCITI Limited, Trustee of SCITI Trust and SCITI Trust II, (416) 945-4173, E-mail: [email protected], Web site: www.scotiamanagedcompanies.com
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