Sentry Select Capital Corp.

Sentry Select Capital Corp.

June 29, 2005 09:37 ET

Sentry Select Capital Corp. In Deal To Take Over Administration Of Three Investment Trusts

TORONTO, ONTARIO--(CCNMatthews - June 29, 2005) - Sentry Select Capital Corp. today announced it has become the administrator of Diversified Preferred Share Trust (DPS.UN), Oil Sands Split Trust (OST.UN), and Global DiSCs Trust 2004-1 (DST.UN), all traded on the TSX. RBC Dominion Securities Inc., the previous administrator, has assigned the administrative agreements for these Trusts to Sentry Select, with the consent of the trustees for each Trust. RBC will continue to provide trading and other services to the trusts as needed.

"Sentry Select is pleased to announce this latest addition to its suite of innovative investment products, which will increase the number of trusts we administer to 23. This is our first acquisition, but we are confident that it adds a new and interesting layer to our product lineup," said John Driscoll, Chairman and CEO of Sentry Select Capital Corp.

Sentry Select Capital Corp. will immediately assume full responsibility for the administration of all three trusts. Sentry Select has considerable skill and experience in this regard, with 20 exchange-listed products available currently, including Sentry Select Diversified Income Trust, which was the first closed-end trust of its kind in Canada.

"We intend to remain active in the sector by leveraging our existing strengths to provide a full range of services, as we seek out future opportunities in this market," said Graham Macmillan, head of structured products, RBC Capital Markets.

Contact Information

  • Sentry Select Capital Corp.
    Investor Services
    (investor inquiries)
    1-888-246-6656
    416-364-1330 (FAX)
    or
    Sentry Select Capital Corp.
    June MacKinnon
    (media inquiries)
    1-888-246-6656
    416-364-1330 (FAX)
    info@sentryselect.com
    www.sentryselect.com