SCITI Trust Declares Monthly Distribution

    TORONTO, Jan. 20 /CNW/ - The Board of Directors of SCITI Limited in its
capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution
of $0.120 per Trust Unit. Consequently, the twelve month trailing distribution
totals $1.855 (2008 - $1.491) per Unit.
    Record and payment date are as follows:

       Record Date         Payment Date       Distribution Amount/Trust Unit
     January 29, 2009    February 13, 2009                $0.1200

    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 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 Index on an
approximately equal weight basis.
    Trust Units of SCITI are listed for trading on The Toronto Stock Exchange
under the symbol SIN.UN.

    %SEDAR: 00019069E

For further information:

For further information: Investor Relations, SCITI Limited, Trustee of
SCITI Trust, (416) 945-4394, E-mail:, Web site:, 26th Floor, 40 King Street West, Toronto,
Ontario, M5W 2X6, Tel: (416) 945-4394, Fax: (416) 863-7425

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