Sentry Select Commodities Income Trust

Sentry Select Commodities Income Trust

July 17, 2007 15:59 ET

Sentry Select Commodities Income Trust (TSX:SSJ.UN) Appeals Court Decision Regarding Annual Redemption

TORONTO, ONTARIO--(Marketwire - July 17, 2007) - Sentry Select Capital Corp. wishes to announce that it has appealed the June 15, 2007 decision of the Superior Court of Ontario, which ruled that Sentry Select Commodities Income Trust (TSX:SSJ.UN)(the "Trust") should have paid out an additional $0.435 per unit to two unitholders who redeemed their units in the Trust on August 31, 2006. Pending the outcome of the appeal, the Trust has recorded an amount equal to approximately $0.17 per Unit as a liability in case the appeal is unsuccessful.

Sentry Select Capital Corp.

Sentry Select is a Canadian wealth management company that manages over $8 billion in gross assets as of June 30, 2007. The company offers a diverse range of investment products including closed-end funds, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 29 reporting issuers Sentry Select is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture exchange.

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
    (Broker/Investor Inquiries)
    Sentry Select Capital Corp.
    Kevin Cohen
    (Vice-President, Operations & General Counsel)
    (416) 364-1197 (FAX)