Sentry Select Diversified Income Trust

May 23, 2006 13:01 ET

Sentry Select Diversified Income Trust 'TSX: SDT.UN' Increases Regular Monthly Distributions to $0.0675 Per Unit and Announces Special Distribution of $0.10 Per Unit

TORONTO, ONTARIO--(CCNMatthews - May 23, 2006) - Sentry Select Capital Corp. is pleased to announce that Sentry Select Diversified Income Trust's (TSX:SDT.UN) distribution for June 2006 will be $0.0675 per unit, up from $0.0375 per unit in previous months. The distribution will be paid on July 7, 2006 to unitholders of record on June 30, 2006. The increase is a result of net realized capital gains in the portfolio, which will be distributed to unitholders through the remainder of the year.

The Trust is also pleased to announce that it will make a special distributions of $0.10 per unit to unitholders of record at the close of business (Toronto time) on June 30, 2006. The distribution will be payable on July 7, 2006.

Sentry Select Diversified Income Trust

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

Distribution reinvestment plan

The Trust offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of the Trust.

Future distributions

The distribution is based upon the current make-up of the trust's portfolio and the indicated distribution policies of the income funds in the portfolio. If the make-up of the portfolio changes or if such income funds make distributions other than in accordance with their indicated policies, the distributions could change.


To find out more about the trust, including portfolio holdings, net asset values and investment objectives, please go to

Sentry Select Capital Corp.

Sentry Select Capital Corp. provides investment, administrative and marketing services to 23 exchange-listed closed-end funds, 17 of which have exposure to the income trust sector, 16 mutual funds, 13 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of April 30, 2006, the firm had approximately $8.0 billion in gross assets under management.

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)
    Sentry Select Capital Corp.
    Brian McOstrich
    (media inquiries)
    1 (888) 246-6656
    (416) 364-1197 (FAX)