Premier Value Income Trust
TSX : PVN.UN

March 13, 2009 17:21 ET

Premier Value Income Trust (TSX: PVN.UN) Announces Amendments to Be Made to the Declaration of Trust

TORONTO, ONTARIO--(Marketwire - March 13, 2009) - Sentry Select Capital Inc. ("Sentry Select" or the "Manager"), the manager of Premier Value Income Trust (TSX:PVN.UN) (the "Fund"), announces that the Fund's unitholders were provided written notice today in accordance with section 16.2 of the Fund's Amended and Restated Declaration of Trust dated January 1, 2009 (the "Declaration of Trust"), that the following amendments will be made to the Declaration of Trust:



a) the definition of "C&I Income Trusts" in section 1.1 will be deleted in
its entirety.

b) the definition of "Portfolio Securities" in section 1.1 will be amended
to read:
"Portfolio Securities" means the securities of Income Funds, fixed
income securities and high-yielding common stocks;
c) the following definition of "fixed income securities" will be added to
section 1.1:
"fixed income securities" means bonds, preferred shares, convertible
securities, asset-backed securities and various debt and debt-like
securities.


The above amendments to the Declaration of Trust will become effective on April 13, 2009.

Premier Value Income Trust

Premier Value Income Trust is a closed-end investment trust designed to provide high levels of monthly income. Investments are primarily in high-quality oil and gas resource trusts, business trusts, real estate investment trusts, and power and utility trusts.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that 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.

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 timing and ability of the Manager to effect the above mentioned amendments to the Fund's Declaration of Trust. Although Sentry Select believes 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. For a complete disclosure record for the Fund please visit the Fund's profile on www.sedar.com.



Sentry Select Capital Inc.
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


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