Topic: How To Invest

Could I have your latest analysis and recommendation for SCITI Trust? Thanks.

Article Excerpt

SCITI Trust, $9.13, symbol SIN.UN on Toronto (Units outstanding: 30.3 million; Market cap: $276.6 million; www.scotiamanagedcompanies.com), first issued units at $10 and began trading on Toronto in April 2003. The trust was scheduled to wind up on April 29, 2008, but unitholders voted to keep it going for another five years in March 2008 and again in March 2013. It’s now scheduled to wind up on April 30, 2018, though it could be extended again. The trust’s portfolio is based on the Scotia Capital High-Yielding Equity Index, which tracks the highest-yielding stocks (including many real estate investment trusts and former income trusts) on the Toronto exchange. SCITI Trust now holds the top 50 highest-yielding issues in the index, on a roughly equal-weight basis. The trust’s top 10 holdings are Twin Butte Energy, Bonavista Energy, Pengrowth Energy, Teck Resources, Superior Plus Corp., Enerplus Corp., Savanna Energy Services, Bird Construction, Extendicare and Choice Properties REIT. SCITI Trust has a 0.57% MER, and its currently monthly distribution…

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