Precious Metals and Mining Trust
TSX : MMP.UN

October 16, 2006 17:52 ET

Precious Metals and Mining Trust Increases Regular Monthly Distributions to $0.05 Per Unit

TORONTO, ONTARIO--(CCNMatthews - Oct. 16, 2006) - Sentry Select Capital Corp. is pleased to announce that Precious Metals and Mining Trust's (TSX:MMP.UN) distribution for October 2006 will be increased to $0.05 per unit, up from $0.0417 per unit in previous months. The distribution will be paid on November 15, 2006 to unitholders of record on October 31, 2006. The increase is a result of net realized and anticipated capital gains in the portfolio, which will be distributed to unitholders through the remainder of the year.

Precious Metals and Mining Trust

Precious Metals and Mining Trust is a closed-end trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of metals and minerals mining and exploration issuers listed on a North American stock exchange.

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. If the make-up of the portfolio changes, the distributions could change.

Website

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

Sentry Select Capital Corp.

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. 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
    or
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    1 (888) 246-6656
    (416) 364-1330 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com