Sentry Select Capital Corp.

Sentry Select Capital Corp.
Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 1

Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 2

December 01, 2008 13:28 ET

Sentry Select Rogers International Commodity Index Principal-Protected Notes Series 1 and 2 Provide Notice to Holders

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2008) - Sentry Select Capital Corp. ("Sentry Select") announces that as of November 20, 2008, the benchmark portfolio net asset value of Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 1 and Series 2 (the "Notes") became equal to or less than the Floor Level. Given extreme volatility associated with current market conditions and the resulting negative impact on the performance of the Reference Assets, the Investment Policy requires that the Reference Assets be sold. The net proceeds from the sale of the Reference Assets have been invested in Permitted Investments until the Maturity Dates (which is October 21, 2013 for Series 1 and December 16, 2013 for Series 2) to ensure full repayment of the Principal Amount of $100.00 per Note. The Maturity Redemption amount will then be $100.00 per Note on the respective Maturity Date. As a result, the Notes will produce no further return on the Maturity Date, regardless of the subsequent performance of the Reference Assets and Holders will receive the Principal Amount of $100.00 per Note at the Maturity Date without any Anniversary Payment until such time. The Agent intends to maintain until the Maturity Date, under normal market conditions, a weekly secondary market for the Notes as per the Information Statement.

The Notes

Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 1 and Series 2 are deposit notes, issued by National Bank of Canada. The performance of the Notes are linked to the appreciation of (i) a portfolio of commodities managed by Diapason Commodities Management SA with the objective to replicate the performance of the Rogers International Commodity Index™ (RICI) and (ii) certain fixed-income and/or money-market instruments (the "Benchmark Portfolio").

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a Canadian wealth management company that manages a diverse range of investment products including closed-end trusts, mutual funds, hedge funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

All capitalized terms used herein but not defined are as defined in the Information Statement of the Notes.

The Notes are not sponsored, endorsed, sold or promoted by James Beeland Rogers, Jim Rogers or Beeland Interests Inc. (collectively "Beeland") or Diapason Commodities Management SA ("Diapason"). None of the Bank, the Agent, Sentry Select Capital Corp., Beeland and Diapason make no representation or warranty, express or implied, to investors in the Notes or any potential investor, governmental authority, or any member of the public, regarding the advisability of investing in securities or commodities generally, or in the Notes or futures particularly.

Diapason Commodities Management SA is a limited partnership and commodity operator whose main mandate is to promote and distribute products designed around the Rogers International Commodity Index™. Diapason is owned by its management, who are experienced professionals in the fields of asset management, commodity markets, futures and options trading.

"Jim Rogers", "James Beeland Rogers", "Rogers", "Rogers International Commodity Index", and "RICI" are trademarks and service marks of Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The name and likeness of Jim Rogers/James Beeland Rogers are trademarks and service marks of James Beeland Rogers, Jr.

"Sentry Select Rogers International Commodity Index Principal-Protected Notes are not and will not be offered or sold in the United States to or for the account of U.S. Persons as defined by U.S. securities laws. Each purchaser of the Notes will be asked to certify that such purchaser is not a U.S. Person, is not receiving the Notes in the United States, and is not acquiring the Notes for the benefit of a U.S. Person."

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the ability of Sentry Select to satisfy any repayment obligations on the date specified. Although Sentry Select believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Sentry Select Capital Corp.
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