What is your opinion of SCITI Trust?

SCITI Trust, $13.53, symbol SIN.UN on Toronto, (Shares outstanding: 15.3 million; Market cap: $206.8 million; www.scotiamanagedcompanies.com) first issued units at $10, and began trading on Toronto in April 2003. It was scheduled to wind up on April 29, 2008. However, unitholders voted in March 2008… Read More

Dear Pat: What do you think SCITI ROCS Trust, and what are the implications of the scheduled windup of the trust? The tax deferral is attractive to me, and it offers a high yield. Thanks.

SCITI ROCS Trust, $5.46, symbol SCI.UN on Toronto (Units outstanding: 13.0 million; Market cap: $70.9 million), is an investment trust that aims to give investors diversification and tax-efficient monthly distributions through a roughly equally weighted portfolio of income funds that are included in the Scotia… Read More