Sentry Select Capital Corp.

March 14, 2005 11:44 ET

Sentry Select Principal-Protected Blue Chip Notes'TM' Series V Raises Over $35 Million; Total Raised in Series: $165 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SENTRY SELECT CAPITAL CORP.

MARCH 14, 2005 - 11:44 ET

Sentry Select Principal-Protected Blue Chip Notes'TM'
Series V Raises Over $35 Million; Total Raised in
Series: $165 Million

TORONTO, ONTARIO--(CCNMatthews - March 14, 2005) - Sentry Select Capital
Corp. is pleased to announce that its offering of Sentry Select
Principal-Protected Blue-Chip Notes™ Series V has raised gross
proceeds of $35,168,400.

The total amount raised in the Sentry Select Principal-Protected
Blue-Chip Notes™ series was $165,670,400.

Benchmark portfolio

Sentry Select Principal-Protected Blue Chip Notes™ are deposit notes,
issuable in series by National Bank of Canada, whose performance is
linked to a benchmark portfolio composed of 15 blue-chip Canadian income
trusts, 15 Canadian blue-chip stocks and 15 American blue-chip stocks.
The portfolio has been chosen by Sentry Select Capital Corp.

Principal plus appreciation

At maturity, after eight years, investors will be repaid their
principal, plus appreciation in the benchmark portfolio, if any. The
fluctuation of the value of the portfolio will directly impact the
return payable. It is therefore possible that no return will be paid.

Early redemption

National Bank of Canada may redeem the notes after four years at a price
that will give investors the equivalent of an annual compounded rate of
return of approximately 8%.

Liquidity

A weekly secondary market will be maintained by National Bank Financial
under normal market conditions to ensure the Notes' liquidity. There is
no assurance that a secondary market will develop. Redemption of Notes
within 24 months of their issue will be subject to an early sales charge.

The Manager

Sentry Select is a wealth management company with total assets under
management of approximately $4.0 billion.

It is the manager or portfolio manager 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);

- Sentry Select Principal-Protected Blue Chip Notes™;

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

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

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

- Strategic Energy Fund (TSX: SEF.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);

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

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

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

- Three flow-through investment funds.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sentry Select Capital Corp.
    Investor Services
    (investor enquiries)
    1-888-246-6656
    416-364-1197 (FAX)
    or
    Sentry Select Capital Corp.
    Jason Graham/Patrick Schryburt
    (media enquiries)
    1-888-246-6656
    416-364-1197 (FAX)
    info@sentryselect.com
    www.sentryselect.com