/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO, April 30, 2013 /CNW/ - SCITI Limited, in its capacity as trustee (the "Trustee") for SCITI Trust (the "Trust"), is pleased to announce that the Trust has filed a preliminary short form prospectus in each of the provinces and territories of Canada with respect to an additional offering of units of the Trust (the "Offering").
The Trust is an investment trust whose investment portfolio consists of the 50 highest yielding members of the Scotia Capital High Yield Equity Index (the "Index") on an approximately equal weight basis, subject to a 25% sector weighting restriction, in order to provide unitholders with a diversified and high yielding portfolio. The Index has been designed to track the 75 highest yielding equity securities listed on the TSX without regard to corporate structure or liquidity and subject to a number of tests related to market capitalization and distribution sustainability.
The units of the Trust are listed for trading on the Toronto Stock Exchange under the symbol SIN.UN.
The syndicate of agents for the offering is led by Scotia Bank and includes BMO Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., GMP Securities L.P., Macquarie Private Wealth Inc. and Raymond James Ltd.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including approval of the Toronto Stock Exchange. A preliminary prospectus containing important information relating to the units has been filed with securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your registered financial advisor. There will not be any sale or any acceptance of an offer to buy the units until a receipt for the final prospectus has been issued.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE: SCITI Trust
For further information:
Trustee of SCITI Trust
E-mail: [email protected]
Web site: www.scotiamanagedcompanies.com
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6
Tel: (416) 945-4394 Fax: (416) 863-7425