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Press release from CNW Group

Skylon Global Capital Yield Trust and Skylon Global Capital Yield Trust II Announce Upcoming Terminations

Wednesday, July 18, 2012

Skylon Global Capital Yield Trust and Skylon Global Capital Yield Trust II Announce Upcoming Terminations17:49 EDT Wednesday, July 18, 2012TSX Symbols:  SLP.UN, SPO.UNTORONTO, July 18, 2012 /CNW/ - Skylon Global Capital Yield Trust and Skylon Global Capital Yield Trust II(the "Trusts") announced today that the Trusts will redeem all of their outstanding Series 2012 Units (together, the "Units") on July 31, 2012 (the "Redemption Date") as contemplated by the constating documents of the Trusts. The Trusts will request that its Units be delisted from the Toronto Stock Exchange after the close of trading on July 25, 2012. Thereafter, the Trusts may pay a special distribution to all Unitholders of record on July 31, 2012 prior to redeeming the Units. Such distribution will reduce the redemption price per Unit by an equivalent amount. The distribution, if any, together with the redemption proceeds for the Units, will be paid by the Trusts on or about August 3, 2012 through CDS Clearing and Depository Services Inc.  It is anticipated that the Units will be redeemed at their net asset value per unit on the Redemption Date.As the Trusts are terminating, they will not pay their regular monthly distribution of $0.1510 per Unit to unitholders of record on July 31, 2012.Series 2012 Units are currently listed on the Toronto Stock Exchange under the symbols SLP.UN and SPO.UN, respectively.For further information: CI Investments Inc. (416) 364-1145 1-800-268-9374