Premier Value Income Trust

March 09, 2005 10:39 ET

Sentry Select Capital Corp. Announces Initial Distribution of $0.03 Per Unit for Premier Value Income Trust (TSX: PVN.UN)


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PREMIER VALUE INCOME TRUST

TSX SYMBOL: PVN.UN

MARCH 9, 2005 - 10:39 ET

Sentry Select Capital Corp. Announces Initial
Distribution of $0.03 Per Unit for Premier Value
Income Trust (TSX: PVN.UN)

TORONTO, ONTARIO--(CCNMatthews - March 9, 2005) - Sentry Select Capital
Corp. is pleased to announce a March distribution of three cents ($0.03)
per Unit for Premier Value Income Trust.

Pro-rata distribution

The offering for Premier Value Income Trust closed on February 15, 2005,
which accounts for the pro-rata distribution. Subsequent distributions
will reflect a fully invested portfolio.

Distribution date/trading information

The distribution is payable on March 15, 2005 to holders of record on
February 28, 2005. Premier Value Income Trust Units trade on the Toronto
Stock Exchange under the symbols PVN.UN.

The Trust

Including the over-allotment, the total gross proceeds of the Trust's
recent public offering was $229,000,000.

Investment Objectives

The Trust's investment objectives are to:

(i) provide the Unitholders with a stable stream of monthly
distributions targeted to be $0.05833 per Unit ($0.70 per annum or 7.0%
of the original issue price);

(ii) return to Unitholders upon the termination of the Trust at least
the original issue price ($10.00 per Unit) of the Units; and

(iii) enhance long-term total return through capital appreciation of the
Trust's portfolio.

The Manager

Sentry Select is a wealth management company with total assets under
management of approximately $4.0 billion.

It is the manager or portfolio manager of:

- Sentry Select Diversified Income Trust (TSX: SDT.UN);

- Diversified Income Trust II (TSX: DTT.UN);

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

- Select 50 S-1 Income Trust II (TSX: SDE.UN);

- Pro-Vest Growth & Income Fund (TSX: PRG.UN);

- Sentry Select Focused Growth & Income Trust (TSX: SFG.UN);

- COmmercial and INdustrial Securities Income Trust "COINS" (TSX:
COI.UN);

- Sentry Select Principal-Protected Blue Chip Notes™;

- MBS Adjustable Rate Income Fund (TSX: MTF.UN);

- Multi Select Income Trust (TSX: MST.UN, MST.PR.A);

- Premier Value Income Trust (TSX: PVN.UN)

- Strategic Energy Fund (TSX: SEF.UN);

- Mortgage-Backed Securities Trust (TSX: MF.UN; TSX: MF.U);

- Sentry Select Blue-Chip Income Trust (TSX: SIT.UN);

- Sentry Select Global Index Income Trust (TSX: SGT.UN);

- Alliance Split Income Trust (TSX: ASI.UN, ASI.PR.A);

- CAPVEST Income Corp. (TSX-V: CVS);

- Eight mutual funds that focus on a broad range of sectors of the
economy; and

- Three flow-through investment funds.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Investor Services
    (investor enquiries)
    1-888-246-6656
    416-364-1197 (FAX)
    or
    Jason Graham/Patrick Schryburt
    (media enquiries)
    1-888-246-6656
    416-364-1197 (FAX)
    info@sentryselect.com
    www.sentryselect.com