Bank of Montreal Sentry Select Canadian Income Deposit Notes

Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes

August 18, 2006 17:11 ET

Sentry Select Capital Corp. Announces August 2006 Distributions for Principal-Protected Notes

TORONTO, ONTARIO--(CCNMatthews - Aug. 18, 2006) - Sentry Select Capital Corp. is pleased to announce the August 2006 distribution amounts for the following principal-protected notes.



------------------------------------------------------------------------
Distri- Distri-
bution butions
amount Annual- per note
(per $100 Record Payable ized since
Note Issue date note) date date yield inception
------------------------------------------------------------------------
Bank of March 17, $0.370822 August 15, August 15, 4.4% $1.629826
Montreal 2006 2006 2006
Sentry
Select
Canadian
Income
Deposit
Notes
Series 1
------------------------------------------------------------------------
Bank of March 17, $0.370822 August 14, August 14, 4.4% $1.629826
Montreal 2006 2006 2006
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes
Series 1
------------------------------------------------------------------------
Bank of May 17, $0.454901 August 15, August 15, 5.5% $0.870841
Montreal 2006 2006 2006
Sentry
Select
Canadian
Income
Deposit
Notes
Series 2
------------------------------------------------------------------------
Bank of May 17, $0.454901 August 14, August 14, 5.5% $0.870841
Montreal 2006 2006 2006
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes
Series 2
------------------------------------------------------------------------


Future distributions

Bank of Montreal will pay to each holder distributions in an amount equal to 75% of all distributions, if any, received on the Income Portfolio component of the Basket. The allocation of the Income Portfolio to the Basket may be more or less than 100% and distributions paid in respect of the Income Portfolio will fluctuate from month to month. There is no guarantee that the investment manager or the individual income funds will be able to maintain the level of distribution or that the Income Portfolio will make any distribution.

Website

To find out more about the Deposit Notes, 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 32 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 16 mutual funds, 15 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of June 30, 2006, the firm had over $8.0 billion in gross assets under management.

Issuer

The notes are issued by Bank of Montreal.

Disclosure of how variable interest (if any) on the Notes is calculated is contained in the related Information Statement. This release is issued for information purposes only and does not constitute an offer to sell or a solicitation to purchase the Notes. The prices, value and/or income the Notes produce may fluctuate and/or be adversely affected by a number of factors. The distributions on the units in the Portfolio will directly impact the amount of principal repaid in the case of the R.O.C. Canadian Income Deposit Notes, and interest paid, in the case of the Canadian Income Deposit Notes, in any year prior to maturity. The fluctuation of the value of the Portfolio will directly impact the return, if any, on the Notes at maturity. In addition, the return payable at maturity on the R.O.C. Notes, if any, will be reduced by a percentage of the amounts you receive prior to maturity pursuant to a formula set out in the related Information Statement.



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) 364-1197 (FAX)
    info@sentryselect.com
    www.sentryselect.com