Sentry Select Capital Inc.

Sentry Select Capital Inc.

May 29, 2009 10:33 ET

Sentry Select Canadian Income Exchange Fund Closes Offering, Raises $26,629,660

TORONTO, ONTARIO--(Marketwire - May 29, 2009) - Sentry Select Capital Inc. ("Sentry Select") is pleased to announce the closing of the initial public offering for Sentry Select Canadian Income Exchange Fund (the "Fund"). At the closing the Fund issued 2,662,966 units ("Units"), for total gross proceeds of $26,629,660.

Investment Objectives

The Fund's investment objectives are to provide Unitholders with:

(i) distributions (initially, equal to 8.5% per annum or approximately $0.071 per Unit per month based on the initial price of $10.00 per Units); and

(ii) the opportunity for capital appreciation.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that offers a diverse range of investment products including closed-end investment trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations including, but not limited to, the proposed monthly distribution of the Fund. Although Sentry Select believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Sentry Select Capital Inc.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615

Contact Information