SCITI ROCS Trust Declares Monthly Distribution and Provides Update on
Reorganization Proposal

TORONTO, June 17 /CNW/ - The Board of Directors of SCITI ROCS Limited in its capacity as Trustee for SCITI ROCS Trust (the "Trust") has declared a cash distribution of $0.055 per Trust Unit.

Record and payment dates are as follows:

    
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     Record Date           Payment Date      Distribution Amount/Trust Unit
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    June 30, 2010         July 15, 2010                  $0.055
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Unitholders are entitled to receive monthly distributions as declared by the Trustee of the Trust. 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.

The Trust also announced today the cancellation of the previously announced proposal to issue units of the Trust to unitholders of SCITI TR Trust due to the inability of SCITI TR Trust to obtain required regulatory approval on satisfactory terms.

The 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 issuers included in the Scotia Capital High Yielding Index on an approximately equal weight basis subject to a maximum weighting in any one sector of 25%.

The units of the Trust are listed for trading on The Toronto Stock Exchange under the symbol SCI.UN.

%SEDAR: 00021988E

For further information: Investor Relations, SCITI ROCS Limited, Trustee of SCITI ROCS, [phone], E-mail: [email protected], Web site: www.scotiamanagedcompanies.com