SOURCE: Sentry Investments Inc.

Sentry Investments Inc.

December 17, 2014 17:15 ET

Sentry Investments reopens corporate-class fixed-income funds

TORONTO, ON--(Marketwired - December 17, 2014) - Sentry Investments Inc. ("Sentry"), the manager of Sentry Enhanced Corporate Bond Class (formerly Sentry Enhanced Corporate Bond Capital Yield Class) and Sentry Tactical Bond Class (formerly Sentry Tactical Bond Capital Yield Class) (the "Funds"), is pleased to announce the reopening of the Funds on or about January 2, 2015. These Funds are shares of Sentry Corporate Class Ltd.

The Funds were closed to new and additional purchases as of April 5, 2013 in response to the Canadian Federal Government's announcement that it would eliminate certain tax advantages relative to transactions that changed the character of fund income from ordinary interest income to capital gains. Beginning January 1, 2015, as interest income generated by the Funds will no longer be convertible into capital gains, the Funds will no longer employ such forward arrangements.

As of such date, each Fund's primary investment strategy will be to invest in that Fund's respective trust counterpart, or to invest directly in fixed-income securities, all in compliance with and as more fully described in the Funds' simplified prospectus dated June 6, 2014.

"We are always looking for ways to provide Canadian advisors and investors with more choice and flexibility," said Sean Driscoll, Chief Executive Officer, Sentry Investments. "We continue to enhance Sentry's corporate-class line-up, and the reopening of Sentry's corporate-class fixed-income funds makes it that much stronger."

All the other benefits of a corporate-class structure remain, including the ability to switch from one fund to another within Sentry Corporate Class Ltd. without triggering a taxable event.

Sentry's complete corporate-class line-up is as follows:

  • Sentry Money Market Class
  • Sentry Enhanced Corporate Bond Class
  • Sentry Tactical Bond Class
  • Sentry Conservative Balanced Income Class
  • Sentry Canadian Income Class
  • Sentry Diversified Equity Class
  • Sentry Global Growth and Income Class
  • Sentry Small/Mid Cap Income Class
  • Sentry U.S. Growth and Income Class
  • Sentry Canadian Resource Class
  • Sentry Precious Metals Growth Class
  • Sentry REIT Class
  • Sentry Conservative Income Portfolio
  • Sentry Income Portfolio
  • Sentry Growth and Income Portfolio
  • Sentry Growth Portfolio

SENTRY INVESTMENTS INC.

Sentry Investments was founded in 1997 and is one of Canada's fastest-growing independent asset management companies. Sentry manages over $16 billion in assets on behalf of more than 450,000 Canadian investors. Sentry offers a diverse range of award-winning investment products available through financial advisors, including domestic and global mutual funds, and separately managed accounts.

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.

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 or the Funds. The forward-looking statements are not historical facts but reflect Sentry's current expectations regarding future results or events including, but not limited to, the proposed date of reopening the Funds. 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. 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. For a complete disclosure record of the Funds and the Sentry Group of Funds, please visit its profile at www.sedar.com.

Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 2700
P.O. Box 108
Toronto, ON M5L 1E2
Tel: 416-364-9297
Fax: 416-364-1197

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