Sentry Select Capital Corp.

Sentry Select Capital Corp.
Sentry Select Diversified Income Trust
TSX : SDT.UN

Sentry Select Global Real Estate Fund
TSX : GRE.UN

Sentry Select Global Real Estate Fund
Pro-Vest Growth & Income Fund
TSX : PRG.UN

Premier Value Income Trust
TSX : PVN.UN

Select 50 S-1 Income Trust
TSX : SON.UN

Sentry Select Commodities Income Trust
TSX : SSJ.UN

Sentry Select Commodities Income Trust
SENTRY SELECT FOCUSED GROWTH & INCOME TRUST
TSX : SFG.UN

Sentry Select MBS Adjustable Rate Income Fund II
TSX : MGS.UN

Oil Sands and Energy Mega-Projects Trust
TSX : OSM.UN

Precious Metals and Mining Trust
TSX : MMP.UN

Sentry Select Lazard Global Listed Infrastructure Fund
TSX : GLS.UN

Sentry Select Lazard Global Listed Infrastructure Fund
Sentry Select China Fund
TSX : CHZ.UN

Multi Select Income Trust Preferred Securities
TSX : MST.PR.A

Diversified Preferred Share Trust
TSX : DPS.UN

Diversified Preferred Share Trust
Global DiSCS Trust 2004-1
TSX : DST.UN

Global DiSCS Trust 2004-1

December 16, 2008 18:02 ET

Sentry Select Capital Corp. Announces December 2008 Distributions for Trusts

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2008) - Sentry Select Capital Corp. ("Sentry Select") is pleased to announce the December 2008 distribution amounts for the following income trusts.



----------------------------------------------------------------------------
Trust Trading Distri- Record Payable Distri- TSX trading Annualized
symbol bution date date bution price per yield
amount amount unit as of
(per annua- Dec. 15,
unit) lized 2008
----------------------------------------------------------------------------
Sentry
Select
Diversified
Income Dec. 31, Jan. 8,
Trust SDT.UN $0.045 2008 2009 $0.54 $2.34 23.1%
----------------------------------------------------------------------------
Sentry
Select
Global
Real
Estate Dec. 31, Jan. 15,
Fund GRE.UN $0.125 2008 2009 $0.50 $4.91 10.2%
----------------------------------------------------------------------------
Pro-Vest
Growth &
Income Dec. 31, Jan. 15,
Fund PRG.UN $0.0667 2008 2009 $0.8004 $6.25 12.8%
----------------------------------------------------------------------------
Premier
Value
Income Dec. 31, Jan. 15,
Trust PVN.UN $0.06 2008 2009 $0.72 $5.62 12.8%
----------------------------------------------------------------------------
Select 50
S-1
Income Dec. 31, Jan. 15,
Trust SON.UN $0.08 2008 2009 $0.96 $6.28 15.3%
----------------------------------------------------------------------------
Sentry
Select
Commodities
Income Dec. 31, Jan. 15,
Trust SSJ.UN $0.06 2008 2009 $0.72 $5.25 13.7%
----------------------------------------------------------------------------
Sentry
Select
Focused
Growth &
Income Dec. 31, Jan. 15,
Trust SFG.UN $0.065 2008 2009 $0.78 $4.50 17.3%
----------------------------------------------------------------------------
Sentry
Select
MBS
Adjustable
Rate
Income Dec. 31, Jan. 15,
Fund II MGS.UN $0.03 2008 2009 $0.36 $4.05 8.9%
----------------------------------------------------------------------------
Oil Sands
and
Energy
Mega-
Projects Dec. 31, Jan. 15,
Trust OSM.UN $0.0417 2008 2009 $0.5004 $5.20 9.6%
----------------------------------------------------------------------------
Precious
Metals
and
Mining Dec. 31, Jan. 15,
Trust MMP.UN $0.10 2008 2009 $1.20 $4.00 30.0%
----------------------------------------------------------------------------
Sentry
Select
Lazard
Global
Listed
Infra-
structure Dec. 31, Jan. 15,
Fund GLS.UN $0.125 2008 2009 $0.50 $5.01 10.0%
----------------------------------------------------------------------------
Sentry
Select
China Dec. 31, Jan. 15,
Fund CHZ.UN $0.125 2008 2009 $0.50 $5.57 9.0%
----------------------------------------------------------------------------
Multi
Select
Income
Trust
Preferred Dec. 31, Jan. 15,
Securities MST.PR.A $0.1625 2008 2009 $0.65 $8.90 7.3%
----------------------------------------------------------------------------
Diversified
Preferred
Share Dec. 31, Jan. 15,
Trust DPS.UN $0.30 2008 2009 $1.20 $14.40 8.3%
----------------------------------------------------------------------------
Global
DiSCS
Trust Dec. 31, Jan. 6,
2004-1 DST.UN $0.325 2008 2009 $1.30 $7.00 18.6%
----------------------------------------------------------------------------


Future distributions

Distributions are based upon the current make-up of each individual trust's portfolio and the indicated distribution policies of the securities within each of the trust's portfolio. If the make-up of the portfolios changes or if such securities make distributions other than in accordance with their indicated policies, the distributions could change.

Separate guidance regarding future distributions has been provided for Sentry Select Diversified Income Trust, Sentry Select Commodities Income Trust, and Sentry Select MBS Adjustable Rate Income Fund II on press releases dated December 15, 2008.

Website

To find out more about each trust, including portfolio holdings, net asset values and investment objectives, please visit www.sentryselect.com.

Sentry Select Capital Corp.

Sentry Select 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 ability of Sentry Select to pay the indicated distributions on the dates specified. 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.



Sentry Select Capital Corp.
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

Contact Information