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

October 12, 2006 16:36 ET

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

TORONTO, ONTARIO--(CCNMatthews - Oct. 12, 2006) - Sentry Select Capital Corp. is pleased to announce the October 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 October October
Series 1 17, 2006 $0.450094 13, 2006 16, 2006 5.1% $2.508055
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, March October October
Series 1 17, 2006 $0.450094 12, 2006 13, 2006 5.1% $2.508055
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, May 17, October October
Series 2 2006 $0.463957 13, 2006 16, 2006 5.2% $1.771613
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, May 17, October October
Series 2 2006 $0.463957 12, 2006 13, 2006 5.2% $1.771613
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
Canadian
Income
Deposit
Notes, July 19, October October
Series 3 2006 $0.413117 13, 2006 16, 2006 5.0% $0.831854
------------------------------------------------------------------------
Bank of
Montreal
Sentry
Select
R.O.C.
Canadian
Income
Deposit
Notes, July 19, October October
Series 3 2006 $0.413117 12, 2006 13, 2006 5.0% $0.831854
------------------------------------------------------------------------


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 Notes") are deposit notes, issued by Bank of Montreal. The performance of the 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 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 visit www.sentryselect.com.

Sentry Select Sentry Select Capital Corp.

Sentry Select Sentry Select Capital Corp. is a wealth management company providing investment, Capital Corp. administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 17 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 September 30, 2006, the firm had approximately $8.5 billion in gross assets under management.

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
    (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