Sentry Select Capital Inc.

Sentry Select Capital Inc.
Sentry Select China Fund

May 04, 2009 17:21 ET

Sentry Select Capital Inc. Announces Completion of the Conversion of Sentry Select China Fund

TORONTO, ONTARIO--(Marketwire - May 4, 2009) - Sentry Select Capital Inc. ("Sentry Select") is pleased to announce the completion of the conversion of Sentry Select China Fund (the "Fund") from a closed-end investment trust to an open-end mutual fund. Units of the Fund have been converted into Series X units of the open-end fund having the same Net Asset Value ("NAV") per unit. Units of the Fund are redeemable on a daily basis at NAV per unit. Halbis Capital Management will continue to act as the sub-advisor for the Fund.

As of May 1, 2009 the NAV per unit of the Fund was $7.30. The Fund intends to continue paying a quarterly distribution of $0.125 per unit representing an annualized cash on cash yield of 6.94% as of May 1, 2009.

It is Sentry Select's current intention to qualify additional Series of units of the Fund for sale to investors no later than June 2009.

Sentry Select Capital Inc.

Sentry Select Capital Inc. 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, but not limited to, the ability of Sentry Select to qualify the units of the Fund for sale within the timeframe specified and the ability of Sentry Select to pay the indicated distribution on behalf of the Fund. 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. For a complete disclosure record of the Fund, please visit the Fund's profile on

Sentry Select Capital Inc.
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