Sentry Select Capital Corp.

Premier Value Income Trust

February 25, 2005 16:36 ET

Premier Value Income Trust Raises Gross Proceeds of $229,000,000 After Exercise of Over-Allotment for $9,000,000


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SENTRY SELECT CAPITAL CORP.

AND PREMIER VALUE INCOME TRUST

TSX SYMBOL: PVN.UN

FEBRUARY 25, 2005 - 16:36 ET

Premier Value Income Trust Raises Gross Proceeds of
$229,000,000 After Exercise of Over-Allotment for
$9,000,000

TORONTO, ONTARIO--(CCNMatthews - Feb. 25, 2005) - Sentry Select Capital
Corp. (TSX:PVN.UN) (the "Manager") is pleased to announce that Premier
Value Income Trust (the "Trust") has issued an additional 900,000 Trust
Units for gross proceeds of $9,000,000 pursuant to the exercise by the
agents of their over-allotment option.

Including the over-allotment, the total gross proceeds of the Trust's
recent public offering is $229,000,000.

Trading information

The Trust Units began trading on the Toronto Stock Exchange on February
15, 2005 under the symbol PVN.UN.

Investment Objectives

The Trust's investment objectives are to:

(i) provide the Unitholders with a stable stream of monthly
distributions targeted to be $0.05833 per Unit ($0.70 per annum or 7.0%
of the original issue price);

(ii) return to Unitholders upon the termination of the Trust at least
the original issue price ($10.00 per Unit) of the Units; and

(iii) enhance long-term total return through capital appreciation of the
portfolio of the Trust.

The net proceeds from the offering, together with any borrowings under
the Trust's contemplated loan facility, will be invested in a
diversified portfolio of securities which will consist of units of
commercial and industrial income trusts, real estate investment trusts
and oil and gas royalty and income trusts.

The Manager will use substantially the same investment strategy for the
Trust as it does for two other Sentry Select closed-end trusts, Sentry
Select Diversified Income Trust and Diversified Income Trust II.

The Agents

The Units were offered through a syndicate of agents co-led by RBC
Capital Markets, CIBC World Markets Inc. and National Bank Financial
Inc., which includes BMO Nesbitt Burns Inc., Scotia Capital Inc., TD
Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada)
Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities
Corporation, First Associates Investments Inc., Desjardins Securities
Inc., Richardson Partners Financial Limited and Wellington West Capital
Inc.

The Manager

Sentry Select is the manager of the Trust. Sentry Select is also
responsible for providing or arranging for the provision of
administrative services required by the Trust.

Sentry Select is a wealth management company with current total assets
under management of approximately $4.0 billion.

It is the manager or portfolio manager of:

- Sentry Select Diversified Income Trust (TSX:SDT.UN);

- Diversified Income Trust II (TSX:DTT.UN);

- Select 50 S-1 Income Trust (TSX:SON.UN);

- Select 50 S-1 Income Trust II (TSX:SDE.UN);

- Pro-Vest Growth & Income Fund (TSX:PRG.UN);

- Sentry Select Focused Growth & Income Trust (TSX:SFG.UN);

- COmmercial and INdustrial Securities Income Trust "COINS" (TSX:COI.UN);

- Sentry Select Principal-Protected Blue Chip Notes™;

- MBS Adjustable Rate Income Fund (TSX:MTF.UN);

- Multi Select Income Trust (TSX:MST.UN, MST.PR.A);

- Alliance Split Income Trust (TSX:ASI.UN, ASI.PR.A);

- Strategic Energy Fund (TSX:SEF.UN);

- Mortgage-Backed Securities Trust (TSX:MF.UN; TSX:MF.U);

- Sentry Select Blue-Chip Income Trust (TSX:SIT.UN);

- Sentry Select Global Index Income Trust (TSX:SGT.UN);

- CAPVEST Income Corp. (TSX-V:CVS);

- Three flow-through investment funds; and

- Eight mutual funds that focus on a broad range of sectors of the
economy.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-1330


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sentry Select Capital Corp.
    Investor Services
    (investor enquiries)
    1-888-246-6656
    (416) 364-1330 (FAX)
    or
    Sentry Select Capital Corp.
    Jason Graham/Patrick Schryburt
    (media enquiries)
    1-888-246-6656
    (416) 364-1330 (FAX)
    info@sentryselect.com
    www.sentryselect.com