Sentry Select Capital Corp.

Sentry Select Capital Corp.
Bank of Montreal Sentry Select Canadian Income Deposit Notes

Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes

January 16, 2007 11:20 ET

Sentry Select Capital Corp. Announces January 2007 Distributions for Principal-Protected Notes

TORONTO, ONTARIO--(CCNMatthews - Jan. 16, 2007) - Sentry Select Capital Corp. is pleased to announce the January 2007 distribution amounts for the following principal-protected notes.



Distribution
Note Issue date amount Record date
(per $100
note)
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Bank of Montreal Sentry Select
Canadian Income Deposit Notes, March 17, 2006 $0.095782 January 12,
Series 1 2007
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Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit March 17, 2006 $0.095782 January 12,
Notes, Series 1 2007
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Bank of Montreal Sentry Select
Canadian Income Deposit Notes, May 17, 2006 $0.169897 January 12,
Series 2 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit May 17, 2006 $0.169897 January 12,
Notes, Series 2 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, July 19, 2006 $0.105961 January 12,
Series 3 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit July 19, 2006 $0.105961 January 12,
Notes, Series 3 2007
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Bank of Montreal Sentry Select
Canadian Income Deposit Notes, September 20, $0.124879 January 12,
Series 4 2006 2007
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Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit September 20, $0.124879 January 12,
Notes, Series 4 2006 2007
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Bank of Montreal Sentry Select
Canadian Income Deposit Notes, October 31, $0.261150 January 12,
Series 5 2006 2007
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Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit October 31, $0.261150 January 12,
Notes, Series 5 2006 2007
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-------------------------------------------------------------------------
Note Payable date Annualized Distributions
yield per note since
inception
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, January 15, 1.1% $3.372861
Series 1 2007
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Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit January 15, 1.1% $3.372861
Notes, Series 1 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, January 15, 2.0% $2.863324
Series 2 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit January 15, 2.0% $2.863324
Notes, Series 2 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, January 15, 1.3% $1.712952
Series 3 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit January 15, 1.3% $1.712952
Notes, Series 3 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, January 15, 1.5% $0.903203
Series 4 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit January 15, 1.5% $0.903203
Notes, Series 4 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
Canadian Income Deposit Notes, January 15, 3.1% $0.288045
Series 5 2007
-------------------------------------------------------------------------
Bank of Montreal Sentry Select
R.O.C. Canadian Income Deposit January 15, 3.1% $0.288045
Notes, Series 5 2007
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Deposit Notes

Bank of Montreal Sentry Select Canadian Income Deposit Notes and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes (the "Deposit Notes") are deposit notes, issued by Bank of Montreal. The performance of the Deposit Notes is linked to the appreciation of a Basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select ("Income Portfolio"), and (ii) a Notional Bond Portfolio. The Income Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.

Future distributions

Bank of Montreal will pay to each holder distributions in an amount equal to 75% of all distributions, if any, received on the Income Portfolio component of the Basket. The allocation of the Income Portfolio to the Basket may be more or less than 100% and distributions paid in respect of the Income Portfolio will fluctuate from month to month. There is no guarantee that the investment manager or the individual income funds will be able to maintain their levels of distribution or that the Income Portfolio will make any distribution.

Website

To find out more about the Deposit Notes, net asset values and investment objectives, please visit www.sentryselect.com.

Sentry Select Sentry Select Capital Corp.

Sentry Select Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 35 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of December 31, 2006, the firm had approximately $8 billion in gross assets under management.

Disclosure of how variable interest (if any) on the Deposit Notes is calculated is contained in the related Information Statement. This release is issued for information purposes only and does not constitute an offer to sell or a solicitation to purchase the Deposit Notes. The prices, value and/or income the Deposit Notes produce may fluctuate and/or be adversely affected by a number of factors. The distributions on the units in the Portfolio will directly impact the amount of principal repaid in the case of the R.O.C. Canadian Income Deposit Notes, and interest paid, in the case of the Canadian Income Deposit Notes, in any year prior to maturity. The fluctuation of the value of the Portfolio will directly impact the return, if any, on the Deposit Notes at maturity. In addition, the return payable at maturity on the R.O.C. Deposit Notes, if any, will be reduced by a percentage of the amounts you receive prior to maturity pursuant to a formula set out in the related Information Statement.



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)
    1-888-246-6656
    (416) 364-1197 (FAX)
    or
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com