Sentry Select Capital Corp.

Sentry Select Capital Corp.
Sentry Select Diversified Income Trust

October 26, 2007 09:53 ET

Sentry Select Diversified Income Trust (TSX:SDT.UN) Closes the Exchange Offer; Raises $305,232,639

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2007) - Sentry Select Capital Corp. ("Sentry Select" or "Manager") is pleased to announce the closing of Sentry Select Diversified Income Trust (the "Trust") (TSX:SDT.UN) Exchange Offer.

Gross proceeds

At the closing, the Trust issued 64,298,759 units for total gross proceeds of $305,232,639

Sentry Select Diversified Income Trust

Sentry Select Diversified Income Trust is a closed-end investment trust that aims to maximize distributions to unitholders by investing primarily in high-income securities issued by a broad range of royalty and income trusts, real estate investment trusts, and limited partnerships and, to a lesser extent, fixed-income securities and high-yielding common stocks.

Reimbursement of expenses

The Manager has agreed to reimburse the Trust for the expenses of the Exchange Offer, including the solicitation and agency fees, incurred by the Trust in 28 equal quarterly instalments (due January 1, April 1, July 1 and October 1), together with interest, beginning on January 1, 2009. This obligation will be evidenced by a promissory note, which will bear interest from the date of issue at the prime rate of interest posted from time to time by the Trust's bank.

Dealer manager

National Bank Financial Inc. was the dealer manager for the Exchange Offer.

Sentry Select Capital Corp.

Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of September 30, 2007. The company 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 four 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)
    (416) 364-1197 (FAX)
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    (416) 364-1197 (FAX)