Sentry Select Diversified Income Trust

May 23, 2006 12:22 ET

Sentry Select Diversified Income Trust 'TSX: SDT.UN' Releases First Quarter 2006 Financial Results

TORONTO, ONTARIO--(CCNMatthews - May 23, 2006) - Sentry Select Diversified Income Trust (TSX:SDT.UN) -

TORONTO Sentry Select Diversified Income Trust is pleased to
announce its financial results for the first quarter
of 2006.

Highlights - The Trust's net assets were $1,136,051,896 at March
31, 2006, representing an increase of approximately
5.4% from $1,078,348,189 at December 31, 2005.

- The Trust's net asset value per unit increased to
$6.14 at March 31, 2006 from $5.82 at December 31,
2005. On March 31, 2006 the Trust's units closed on
the Toronto Stock Exchange at $5.50 per unit.

- In the first quarter of 2006, the Trust had an
increase in net assets from operations of $79,546,378
(2005 - $30,279,065). Contributing to this increase
were net realized gains on sale of investments and a
change in unrealized appreciation of investments.

- In the first quarter of 2006, the Trust declared
distributions of $0.1125 per unit , consisting of
three monthly distributions of $0.0375 per unit.

First quarter For complete 2006 first quarter Management Report of
2006 financial Fund Performance and Financial Statements, please
results visit or

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

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

Sentry Select Sentry Select Capital Corp. provides investment,
Capital Corp. administrative and marketing services to 24
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

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

  • 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)