Alliance Split Income Trust Capital Units
TSX : ASI.UN

Alliance Split Income Trust Capital Units
Diversified Income Trust II
TSX : DTT.UN

Mortgage Backed Securities Trust ($C)
TSX : MF.UN

Mortgage Backed Securities Trust ($US)
TSX : MF.U

MULTI SELECT INCOME TRUST CAPITAL UNITS
TSX : MST.UN

MBS Adjustable Rate Income Fund
TSX : MTF.UN

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

Premier Value Income Trust
TSX : PVN.UN

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

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

SENTRY SELECT FOCUSED GROWTH & INCOME TRUST
TSX : SFG.UN

COMMERCIAL AND INDUSTRIAL SECURITIES INCOME TRUST
TSX : COI.UN

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

July 14, 2005 15:16 ET

Sentry Select Capital Corp. Announces July 2005 Distributions for Income Trusts

TORONTO, ONTARIO--(CCNMatthews - July 14, 2005) - Sentry Select Capital Corp. is pleased to announce the July 2005 distribution amounts for the following income trusts.



---------------------------------------------------------------------
TSX
trad-
ing
price
per
Distri- Distri- unit Annual-
bution bution as at ized
Trad- amount Rec- Pay- amount July trail-
ing (per ord able annual- 12, ing
Trust symbol unit) date date ized 2005 yield
---------------------------------------------------------------------
Alliance Split ASI.UN $0.1125 July Aug. $1.35 $19.33 7.0%
Income Trust Capital 29, 15,
Units 2005 2005
---------------------------------------------------------------------
Diversified Income DTT.UN $0.09 July Aug. $1.08 $15.38 7.0%
Trust II 29, 15,
2005 2005
---------------------------------------------------------------------
Mortgage Backed MF.UN $0.06 July Aug. $0.72 $7.55 9.5%
Securities Trust ($C) 29, 15,
2005 2005
---------------------------------------------------------------------
Mortgage Backed MF.U $0.0498 July Aug. $0.5976 $6.30 9.5%
Securities Trust ($US) 29, 15,
2005 2005
---------------------------------------------------------------------
Multi Select Income MST.UN $0.075 July Aug. $0.90 $11.75 7.7%
Trust Capital Units 29, 15,
2005 2005
---------------------------------------------------------------------
MBS Adjustable Rate MTF.UN $0.06 July Aug. $0.72 $10.19 7.1%
Income Fund 29, 15,
2005 2005
---------------------------------------------------------------------
Pro-Vest Growth & PRG.UN $0.0667 July Aug. $0.8004 $10.74 7.5%
Income Fund 29, 15,
2005 2005
---------------------------------------------------------------------
Premier Value Income PVN.UN $0.06 July Aug. $0.72 $9.30 7.7%
Trust 29, 15,
2005 2005
---------------------------------------------------------------------
Select 50 S-1 Income SON.UN $0.0675 July Aug. $0.81 $13.03 6.2%
Trust 29, 15,
2005 2005
---------------------------------------------------------------------
Select 50 S-1 Income SDE.UN $0.06 July Aug. $0.72 $12.12 5.9%
Trust II 29, 15,
2005 2005
---------------------------------------------------------------------
Sentry Select SFG.UN $0.0625 July Aug. $0.75 $10.75 7.0%
Focused Growth & 29, 15,
Income Trust 2005 2005
---------------------------------------------------------------------
COmmercial and COI.UN $0.05 July Aug. $0.60 $9.38 6.4%
INdustrial Securities 29, 15,
Income Trust 2005 2005
---------------------------------------------------------------------
Sentry Select MBS MGS.UN $0.06 July Aug. $0.72 $10.10 7.1%
Adjustable Rate 29, 15,
Income Fund II 2005 2005
---------------------------------------------------------------------


Future distributions

The Manager expects to pay these monthly distributions for 2005 based upon the current make-up of each individual Trust's portfolio and the indicated distribution policies of the income funds in the portfolios. However, if the make-up of the portfolios changes or if such income funds make distributions other than in accordance with their indicated policies, future distributions may differ.

Sentry web site

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

The Manager

Sentry Select is a wealth management company with gross assets under management in excess of $7 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);

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

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

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

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

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

- Sentry Select MBS Adjustable Rate Income Fund II (TSX: MGS.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);

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

- Sentry Select Principal-Protected Blue Chip Notes™;

- Three flow-through limited partnerships; and

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



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 (investor inquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    or
    Sentry Select Capital Corp.
    June MacKinnon (media inquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    info@sentryselect.com
    www.sentryselect.com