Sentry Select Capital Corp.

Sentry Select Capital Corp.
Canadian Income Management Trust
TSX : CNM.UN

Canadian Income Management Trust

October 18, 2006 12:14 ET

Canadian Income Management Trust 'TSX: CNM.UN' Changes From Semi-Annual to Monthly Distributions

TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Canadian Income Management Trust (the "Trust")(TSX:CNM.UN) is pleased to announce that commencing October 2006, the Trust's distribution frequency will change from semi-annual to monthly. The October 2006 distribution of $0.0129 per unit is payable on November 15, 2006 to unitholders of record on October 31, 2006. The income accrued for the period of July 1, 2006 to September 30, 2006, will be paid as a special distribution to unitholders of record on December 31, 2006.

Canadian Income Management

The investment objectives of the Trust are (i) to provide unitholders with cash distributions, initially expected to be $0.155 per trust unit per annum (7.75% of the original issue price of the trust security), and (ii) to preserve and potentially enhance the value of the portfolio in order to return to unitholders at least $2.00 per trust unit upon the termination of the Trust in 2012.

The investment objectives of Canadian Income Management Inc., the Corporation are (i) to provide debentureholders with semi-annual interest payments at a rate of 7% per annum, and (ii) to preserve and potentially enhance the value of the portfolio in order to repay the debentures at maturity.

The investment manager

Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 17 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of September 30, 2006, the firm had approximately $8.5 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)
    or
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    1 (888) 246-6656
    (416) 364-1197 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com