Sentry Investments announces portfolio manager departure

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2011) - Sentry Investments ("Sentry") announces that effective Tuesday August 23, 2011, Andrew McCreath, formerly Senior Portfolio Manager, is no longer employed with Sentry. Effective immediately, Sandy McIntyre, President and Chief Investment Officer, working closely with John Kim, Portfolio Manager, and the Sentry portfolio management team, will take over as interim lead portfolio manager of the funds listed below. A formal search for a permanent replacement is currently underway.

• Sentry Diversified Total Return Fund
• Sentry Diversified Total Return Class
• Sentry Market Neutral L.P.
• Sentry Select Market Neutral RRSP Fund
• Waterfall Vanilla L.P.

The investment objectives, investment strategies and all other attributes of each fund remain unchanged.

"We continue to see opportunities in today's markets and are fortunate to have an award-winning team of investment professionals who are dedicated to meeting the high expectations of our investors," said Sandy McIntyre, President and Chief Investment Officer.

Sentry Investments

Sentry Investments is a Canadian asset management company with approximately $6.5 billion in assets under management on behalf of Canadian investors. We offer a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry Investments was recognized as Canada's Best Equity Fund Family at the Lipper Fund Awards 2011 and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Sentry Investments and the Sentry logo are trademarks of Sentry Select Capital Corp.

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 the Corporation. The forward-looking statements are not historical facts but reflect Sentry'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. Although Sentry 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 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 Investments

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