Sentry Select Capital Corp.

Alliance Split Income Trust Capital Units

Alliance Split Income Trust Capital Units
Alliance Split Income Trust Preferred Shares

Diversified Income Trust II

Mortgage Backed Securities Trust ($C)

Mortgage Backed Securities Trust ($US)

MULTI SELECT INCOME TRUST CAPITAL UNITS

MULTI SELECT INCOME TRUST PREFERRED SHARES

MBS Adjustable Rate Income Fund

Pro-Vest Growth & Income Fund

Premier Value Income Trust

Select 50 S-1 Income Trust

Select 50 S-1 Income Trust II

SENTRY SELECT FOCUSED GROWTH & INCOME TRUST

COMMERCIAL AND INDUSTRIAL SECURITIES INCOME TRUST

March 14, 2005 15:47 ET

Sentry Select Capital Corp. Announces March Distributions for Income Trusts


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SENTRY SELECT CAPITAL CORP.

AND ALLIANCE SPLIT INCOME TRUST CAPITAL UNITS

TSX SYMBOL: ASI.UN

AND ALLIANCE SPLIT INCOME TRUST PREFERRED SHARES

TSX SYMBOL: ASI.PR.A

AND DIVERSIFIED INCOME TRUST II

TSX SYMBOL: DTT.UN

AND MORTGAGE BACKED SECURITIES TRUST ($C)

TSX SYMBOL: MF.UN

AND MORTGAGE BACKED SECURITIES TRUST ($US)

TSX SYMBOL: MF.U

AND MULTI SELECT INCOME TRUST CAPITAL UNITS

TSX SYMBOL: MST.UN

AND MULTI SELECT INCOME TRUST PREFERRED SHARES

TSX SYMBOL: MST.PR.A

AND MBS ADJUSTABLE RATE INCOME FUND

TSX SYMBOL: MTF.UN

AND PRO-VEST GROWTH & INCOME FUND

TSX SYMBOL: PRG.UN

AND PREMIER VALUE INCOME TRUST

TSX SYMBOL: PVN.UN

AND SELECT 50 S-1 INCOME TRUST

TSX SYMBOL: SON.UN

AND SELECT 50 S-1 INCOME TRUST II

TSX SYMBOL: SDE.UN

AND SENTRY SELECT FOCUSED GROWTH & INCOME TRUST

TSX SYMBOL: SFG.UN

AND COMMERCIAL AND INDUSTRIAL SECURITIES INCOME TRUST

TSX SYMBOL: COI.UN

MARCH 14, 2005 - 15:47 ET

Sentry Select Capital Corp. Announces March
Distributions for Income Trusts

TORONTO, ONTARIO--(CCNMatthews - March 14, 2005) - Sentry Select Capital
Corp. is pleased to announce the March distribution amounts for the
following income trusts.



---------------------------------------------------------------------
Trust Trading Distribu- Record Payable
symbol tion date date
amount
(per unit)
---------------------------------------------------------------------
Alliance Split Income
Trust Capital Units ASI.UN $0.1125 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Alliance Split Income
Trust Preferred Shares ASI.PR.A $0.15(a) March 31, April 15,
2005 2005
---------------------------------------------------------------------
Diversified Income
Trust II DTT.UN $0.09 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Mortgage Backed
Securities Trust ($C) MF.UN $0.06 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Mortgage Backed
Securities Trust ($US) MF.U $0.0496 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Multi Select Income
Trust Capital Units MST.UN $0.075 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Multi Select Income
Trust Preferred Shares MST.PR.A $0.1625(a) March 31, April 15,
2005 2005
---------------------------------------------------------------------
MBS Adjustable Rate
Income Fund MTF.UN $0.06 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Pro-Vest Growth &
Income Fund PRG.UN $0.0667 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Premier Value Income
Trust PVN.UN 0.05833 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Select 50 S-1 Income
Trust SON.UN $0.0675 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Select 50 S-1 Income
Trust II SDE.UN $0.06 March 31, April 15,
2005 2005
---------------------------------------------------------------------
Sentry Select Focused
Growth & Income Trust SFG.UN $0.0625 March 31, April 15,
2005 2005
---------------------------------------------------------------------
COmmercial and INdustrial
Securities Income Trust COI.UN $0.05 March 31, April 15,
2005 2005
---------------------------------------------------------------------
(a) paid quarterly


---------------------------------------------------------------------
Trust Distribution TSX trading Annualized
amount price per trailing
annualized unit as at yield
March 11, 2005
---------------------------------------------------------------------
Alliance Split Income
Trust Capital Units $1.35 $17.87 7.3%
---------------------------------------------------------------------
Alliance Split Income
Trust Preferred Shares $0.60 $10.71 5.6%
---------------------------------------------------------------------
Diversified Income
Trust II $1.08 $14.70 7.4%
---------------------------------------------------------------------
Mortgage Backed
Securities Trust ($C) $0.72 $8.59 8.4%
---------------------------------------------------------------------
Mortgage Backed
Securities Trust ($US) $0.5952 $7.10 8.4%
---------------------------------------------------------------------
Multi Select Income
Trust Capital Units $0.90 $10.91 8.2%
---------------------------------------------------------------------
Multi Select Income
Trust Preferred Shares $0.65 $10.42 6.2%
---------------------------------------------------------------------
MBS Adjustable Rate
Income Fund $0.72 $9.95 7.2%
---------------------------------------------------------------------
Pro-Vest Growth &
Income Fund $0.8004 $10.25 7.9%
---------------------------------------------------------------------
Premier Value Income
Trust $0.70 $10.03 7.0%
---------------------------------------------------------------------
Select 50 S-1 Income
Trust $0.81 $12.16 6.7%
---------------------------------------------------------------------
Select 50 S-1 Income
Trust II $0.72 $11.32 6.4%
---------------------------------------------------------------------
Sentry Select Focused
Growth & Income Trust $0.75 $10.25 7.3%
---------------------------------------------------------------------
COmmercial and INdustrial
Securities Income Trust $0.60 $9.05 6.6%
---------------------------------------------------------------------


Future distributions

The Manager expects to pay these monthly distributions for 2005 based
upon the current make-up of each individual Trust's portfolio and the
indicated distribution policies of the income funds in the portfolios.
However, if the make-up of the portfolios changes or if such income
funds make distributions other than in accordance with their indicated
policies, future distributions may differ.

Sentry web site

To find out more about each trust, including portfolio holdings, net
asset values and investment objectives, go to www.sentryselect.com.

The Manager

Sentry Select is a wealth management company with 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);

- Premier Value Income Trust (TSX: PVN.UN);

- 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);

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

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

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

- Three flow-through investment funds.



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



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Contact Information

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