Sentry Select Capital Corp.

Sentry Select Capital Corp.

July 29, 2005 09:00 ET

Sentry Select Commodities Income Trust Raises Gross Proceeds of C$176,200,000 after Exercise of Over-Allotment for C$6,200,000

TORONTO, ONTARIO--(CCNMatthews - July 29, 2005) - Sentry Select Capital Corp. ("Sentry Select" or the "Manager") is pleased to announce that Sentry Select Commodities Income Trust (the "Trust") has issued an additional 620,000 Trust units for gross proceeds of $6,200,000 pursuant to the exercise by the agents of their over-allotment option.

Including the over-allotment, the total gross proceeds of the Trust's recent public offering is $176,200,000.

Trading Information

The Trust units began trading on the Toronto Stock Exchange on July 19, 2005 under the symbol SSJ.UN.

Investment Objectives

The Trust's investment objectives are to provide Unitholders with:

(i) monthly distributions (which for the first 12 months of the Trust are expected to be $0.05625 per Unit ($0.675 per annum or 6.75% of the original issue price)); and

(ii) the opportunity for capital appreciation over the term of the Trust.

The portfolio of the Trust will be constructed to initially provide approximately 25% exposure to the commodities that make up the Rogers International Commodity Index (RICI) and approximately 75% exposure to a portfolio of commodity-related income funds.

The Agents

CIBC World Markets Inc. and RBC Dominion Securities Inc. co-led a syndicate of agents that also includes National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Wellington West Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, First Associates Investments Inc., IPC Securities Corporation, Richardson Partners Financial Limited and Rothenberg Capital Management Inc.

The Manager

Sentry Select is the manager of the Trust. Sentry Select is also responsible for providing or arranging for the provision of administrative services required by the Trust. Sentry Select is a wealth management company with gross assets under management in excess of $7 billion.

It is the manager, portfolio manager or administrator of:

- Sentry Select Diversified Income Trust (TSX: SDT.UN);

- Diversified Income Trust II (TSX: DTT.UN);

- Select 50 S-1 Income Trust (TSX: SON.UN);

- Select 50 S-1 Income Trust II (TSX: SDE.UN);

- Pro-Vest Growth & Income Fund (TSX: PRG.UN);

- Sentry Select Focused Growth & Income Trust (TSX: SFG.UN);

- COmmercial and INdustrial Securities Income Trust "COINS" (TSX: COI.UN);

- Multi Select Income Trust (TSX: MST.UN, MST.PR.A);

- Alliance Split Income Trust (TSX: ASI.UN, ASI.PR.A);

- Premier Value Income Trust (TSX: PVN.UN);

- Strategic Energy Fund (TSX: SEF.UN);

- MBS Adjustable Rate Income Fund (TSX: MTF.UN);

- Sentry Select MBS Adjustable Rate Income Fund II (TSX: MGS.UN);

- Mortgage-Backed Securities Trust (TSX: MF.UN; TSX: MF.U);

- Sentry Select Blue-Chip Income Trust (TSX: SIT.UN);

- Sentry Select Global Index Income Trust (TSX: SGT.UN);

- CAPVEST Income Corp. (TSX-V: CVS);

- Diversified Preferred Share Trust (TSX: DPS.UN);

- Oil Sands Split Trust (TSX: OST.UN);

- Global DiSCs Trust 2004-1 (TSX: DST.UN);

- Sentry Select Principal-Protected Blue Chip NotesTM Series I - VI;

- Three flow-through limited partnerships; and

- Eight mutual funds that focus on a broad range of sectors of the economy.

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 for Broker / Investor Inquiries
    1 (888) 246-6656
    (416) 364-1197 (FAX)
    Sentry Select Capital Corp.
    June MacKinnon for Media Inquiries
    1 (888) 246-6656
    416) 364-1197 (FAX)