Sentry Select Capital Corp.

Sentry Select Capital Corp.
STRATEGIC ENERGY FUND
TSX : SEF.UN

STRATEGIC ENERGY FUND

September 21, 2005 09:48 ET

Strategic Energy Fund 'TSX:SEF.UN' Cash and Exchange Offer Raises Total Gross Proceeds of $171,400,002 after Exercise of Over-Allotment for $21,400,002

TORONTO, ONTARIO and CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) - Strategic Energy Management Corp. today announced that Strategic Energy Fund (the "Fund")(TSX:SEF.UN) has issued an additional 1,522,006 trust units for gross proceeds of $21,400,002 pursuant to the exercise by the agents of their over-allotment option in connection with the recently closed cash and exchange offer (the "Offering").

Gross Proceeds

Including the over-allotment option, the total gross proceeds of the Offering are $171,400,002.

Strategic Energy Fund

Strategic Energy Fund is an investment trust that seeks to provide Unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies as well as early-stage energy companies and to a lesser extent special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation.

Sentry Select Capital Corp.

The Investment Advisor of the Fund is Sentry Select Capital Corp., which is a wealth management company with gross assets under management in excess of $7 billion, including more than $1.4 billion in energy sector-related investments.

Agents

The syndicate for the Offering was co-led by Blackmont Capital Inc. (formerly First Associates Investments Inc.) and Canaccord Capital Corporation and also included HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Desjardins Securities Inc., Dundee Securities Corporation, Wellington West Capital Inc., GMP Securities Ltd., Industrial Alliance Securities Inc., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation, Rothenberg Capital Management Inc. and Octagon Capital Corporation.



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



Contact Information

  • Sentry Select Capital Corp.
    Investor Services
    (broker/investor enquiries)
    1-888-246-6656
    416-364-1197 (FAX)
    or
    Sentry Select Capital Corp.
    June MacKinnon
    (MEDIA enquiries only)
    1-888-246-6656
    416-364-1197 (FAX)
    info@sentryselect.com
    www.sentryselect.com