Scotia Managed Companies confirms the upcoming termination of SCITI Trust
21 Mar, 2018, 13:27 ET
TORONTO, March 21, 2018 /CNW/ - Scotia Managed Companies Administration Inc. (the "Manager") confirmed today that SCITI Trust (the "Trust") (TSX: SIN.UN) will terminate on its scheduled termination date of April 30, 2018 (the "Termination Date"). The last day on which the Trust's units will trade on the Toronto Stock Exchange (the "TSX") is April 26, 2018.
After the close of business on the Termination Date, the Trust will distribute to its unitholders their pro rata share of the net assets of the Trust, being the net asset value per unit as of the close of business on the Termination Date after paying its final distribution. Prior to the Termination Date, the Trust will liquidate all of its assets.
SOURCE SCITI Trust
For further information: Investor Relations: SCITI Limited Partnership, Trustee of SCITI Trust, (416) 945-4394, E-mail: [email protected], Web site: www.scotiamanagedcompanies.com
Share this article