Sentry Select Capital Inc.

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

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

Multi Select Income Trust
TSX : MST.UN
TSX : MST.PR.A

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

May 27, 2009 17:46 ET

Sentry Select Capital Inc. Provides Notice of Delisting of Select 50 S-1 Income Trust, Sentry Select Focused Growth & Income Trust, Multi Select Income Trust and Pro-Vest Growth & Income Fund

TORONTO, ONTARIO--(Marketwire - May 27, 2009) - Sentry Select Capital Inc. ("Sentry Select"), the manager and trustee of Select 50 S-1 Income Trust (TSX:SON.UN), Sentry Select Focused Growth & Income Trust (TSX:SFG.UN), Multi Select Income Trust (TSX:MST.UN)(TSX:MST.PR.A) and Pro-Vest Growth & Income Fund (TSX:PRG.UN) (the "Funds") announces that the units of Select 50 S-1 Income Trust, Sentry Select Focused Growth & Income Trust, Pro-Vest Growth & Income Fund and the capital units and preferred securities of the Multi Select Income Trust (collectively, the "Units") will be voluntarily delisted from the Toronto Stock Exchange at the close of business on Tuesday, June 2, 2009. The delisting of the Units is being done in preparation for the merger of each of the Funds into Sentry Select Canadian Income Fund (collectively, the "Mergers"), which are expected to occur on or about June 12, 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.

Sentry Select Canadian Income Fund

Sentry Select Canadian Income Fund is an open-end mutual fund with approximately $410 million in assets. The investment objective 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. The Canadian Income Fund currently pays a monthly distribution of $0.0775 per unit which represents an annual yield of approximately 7.87% as of May 26, 2009. The net assets of the Canadian Income Fund will be approximately $615 million following the Mergers.

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 are not limited to, the Toronto Stock Exchange effecting the delisting of the Units on the proposed date and receiving all necessary regulatory approvals in respect of the Mergers. 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 Funds please visit the Funds' profile on www.sedar.com.



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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