Sentry Select Capital Inc.

Sentry Select Capital Inc.

July 15, 2009 17:16 ET

Sentry Select Capital Inc. Announces Completion of Final Distribution of Assets of Sentry Select Canadian Income Exchange Fund and Special Distribution

TORONTO, ONTARIO--(Marketwire - July 15, 2009) - Sentry Select Capital Inc. ("Sentry Select") is pleased to announce that, on July 10, 2009, Sentry Select Canadian Income Exchange Fund (the "Fund") completed the final distribution of all its assets, consisting of Series A units of Sentry Select Canadian Income Fund, (the "Canadian Income Fund") to unitholders. A Unitholder of the Fund received 0.80017 Series A units of Canadian Income Fund in exchange for each of their units of the Fund.

In addition, the Fund issued a special distribution to ensure the Fund would not be taxable. On July 14, 2009, the Fund paid a distribution, expected to be comprised of capital gains, of $0.14, to unitholders of record as of July 10, 2009.

Sentry Select Canadian Income Fund

The investment objective of Canadian Income Fund is to provide consistent monthly income and capital appreciation by investing primarily in a diversified portfolio of Canadian securities including equities, fixed-income instruments, real estate investment trusts and income trusts.

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 investment 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 timing of and amount of the special distribution. 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.

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

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