TORONTO, March 15, 2012 /CNW/ - The Board of Directors of SCITI Limited in its capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution of $0.0810 per Trust Unit.
Record and payment date are as follows:
|Record Date||Payment Date||Distribution Amount/Trust Unit|
|March 29, 2012||April 13, 2012||$0.0810|
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 of SCITI are listed for trading on The Toronto Stock Exchange under the symbol SIN.UN.
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