Precious Metals and Mining Trust

October 10, 2007 10:31 ET

Precious Metals and Mining Trust (TSX:MMP.UN) Announces Method for Calculating 2007 Annual Redemption Proceeds

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2007) - Sentry Select Capital Corp. ("Sentry Select") announces that unitholders of Precious Metals and Mining Trust (the "Trust") (TSX:MMP.UN) who redeemed their units of the Trust effective September 28, 2007, will receive $12.95 per unit redeemed. Payment will be made on or before October 22, 2007. The redemption amount was determined in accordance with clause (ii) of the definition of Net Realized Proceeds per Unit set out in the Trust's Declaration of Trust, as Sentry Select determined that it was not practicable to make the dispositions described in clause (i) of that definition.

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $8 billion in gross assets as of September 30, 2007. Sentry Select offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers, Sentry Select is the manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange.

The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4

Contact Information

  • Sentry Select Capital Corp.
    Investor Services
    (broker/investor inquiries)
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    (416) 364-1197 (FAX)