Sentry Select Capital Corp.

Sentry Select Capital Corp.
Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 1

Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 1

Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 2

Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 2

Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 3

Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 3

December 14, 2006 10:24 ET

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

TORONTO, ONTARIO--(CCNMatthews - Dec. 14, 2006) - Sentry Select Capital Corp. is pleased to announce the December 2006 distribution amounts for the following principal-protected notes.



------------------------------------------------------------------------
Distribu- Distribu-
tion tions
amount Annua- per note
Issue (per $100 Record Payable lized since
Note Date note) date date yield inception
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, March 17, December December
Series 1 2006 $0.376180 13,2006 14, 2006 5.1% $3.277079
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, March 17, December December
Series 1 2006 $0.376180 13, 2006 14, 2006 5.1% $3.277079
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, May 17, December December
Series 2 2006 $0.422215 13, 2006 14, 2006 5.6% $2.693427
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, May 17, December December
Series 2 2006 $0.422215 13, 2006 14, 2006 5.6% $2.693427
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, July 19, December December
Series 3 2006 $0.393270 13, 2006 14, 2006 5.3% $1.606991
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, July 19, December December
Series 3 2006 $0.393270 13, 2006 14, 2006 5.3% $1.606991
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, September December December
Series 4 20, 2006 $0.396550 13, 2006 14, 2006 5.3% $0.778324
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, September December December
Series 4 20, 2006 $0.396550 13, 2006 14, 2006 5.3% $0.778324
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, October 31, December December
Series 5 2006 $0.026895 13, 2006 14, 2006 0.3% $0.026895
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, October 31, December December
Series 5 2006 $0.026895 13, 2006 14, 2006 0.3% $0.026895
------------------------------------------------------------------------


Deposit Notes


Bank of Montreal Sentry Select Canadian Income Deposit Notes and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes (the "Deposit Notes") are deposit notes, issued by Bank of Montreal. The performance of the Deposit Notes is linked to the appreciation of a Basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select ("Income Portfolio"), and (ii) a Notional Bond Portfolio. The Income Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.

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 their levels 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 visit 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), 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of November 30, 2006, the firm had approximately $8 billion in gross assets under management.

Disclosure of how variable interest (if any) on the Deposit 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 Deposit Notes. The prices, value and/or income the Deposit 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 Deposit Notes at maturity. In addition, the return payable at maturity on the R.O.C. Deposit 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
    (416) 364-1197 (FAX)
    or
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    Email: info@sentryselect.com
    Website: www.sentryselect.com