C.A. Bancorp Inc.
TSX : BKP

C.A. Bancorp Inc.
Sentry Select Total Strategy Fund
TSX : TSF.UN

November 16, 2007 15:09 ET

Sentry Select Total Strategy Fund (TSX:TSF.UN) Announces Intention to Make Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - C.A. Bancorp Inc. (TSX:BKP)(the "Manager"), the manager of Sentry Select Total Strategy Fund (TSX:TSF.UN)(the "Fund"), is pleased to announce that the Fund intends to purchase up to 548,930 units of the Fund (the "Units") for cancellation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the "TSX"). The 548,930 Units represent approximately 10% of the public float of the Fund. As of November 15, 2007, 5,491,500 Units were issued and outstanding. The public float of 5,489,300 Units has been calculated as the issued and outstanding Units less Units held by insiders of the Fund.

The purchases may commence on November 20, 2007 and will terminate on November 19, 2008, or on such earlier date as the Fund may complete its purchases or provide notice of termination. Any such purchases will be made by the Fund at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX.

Pursuant to a Trust Agreement, the Fund is permitted, but not required, to purchase Units at prices less than 95% of the latest determined net asset value ("NAV") per Unit (but not exceeding the latest determined NAV per Unit) and/or in excess of 1.25% of the number of Units outstanding in any calendar quarter, subject to the maximum number of Units described above. Purchases of Units at less than NAV per Unit should have the effect of increasing the NAV per Unit. All purchased Units will be cancelled.

The Fund will not purchase in any 30-day period more than 109,830 Units (2% of the issued and outstanding Units as at the date of acceptance of the notice of the normal course issuer bid by the TSX).

In the 12 months preceding the date of this release, the Fund has purchased for cancellation 8,500 Units pursuant to an expiring normal course issuer bid at an average price of $8.759.

To the knowledge of the Manager, no director, senior officer or other insider of the Manager intends at present to sell any Units under this bid. However, sales by such persons through the facilities of the TSX or elsewhere may occur if the circumstances or decisions of any such person change. The benefits to any such person whose Units are purchased would be the same as the benefits available to all other holders whose Units are purchased.

Sentry Select Total Strategy Fund

Sentry Select Total Strategy Fund is a publicly traded closed-end fund which provides investors with an opportunity to benefit from Sentry Select's extensive management expertise across various investment strategies and C.A. Bancorp's experience with private equity investments.

C.A. Bancorp Inc.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.

Sentry Select Capital Corp.

Sentry Select Capital Corp. ("Sentry Select") is a Canadian wealth management company that manages approximately $8 billion in gross assets as of October 31, 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 TSX-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.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Sentry Select's and C.A. Bancorp's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select and C.A. Bancorp cannot assure that the forward-looking statements contained in this news release will be realized.



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