SCITI Trust Declares Monthly Distribution

TORONTO, May 18 /CNW/ - The Board of Directors of SCITI Limited in its capacity as Trustee for SCITI Trust ("SCITI") has declared a cash distribution of $0.1030 per Trust Unit.

Record and payment date are as follows:

    
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    Record Date           Payment Date        Distribution Amount/Trust Unit
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    May 28, 2010          June 15, 2010                   $0.1030
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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: Investor Relations, SCITI Limited, Trustee of SCITI Trust, [phone], E-mail: [email protected], Web site: www.scotiamanagedcompanies.com, 26th Floor, 40 King Street West, Toronto, Ontario, M5W 2X6, Tel: [phone], Fax: [phone]