June 08, 2007 10:28 ET

Strategic Energy Fund (TSX:SEF.UN) Closes the Exchange Offer; Raises $95,092,933

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwire - June 8, 2007) - Strategic Energy Management Corp. is pleased to announce the closing of the Strategic Energy Fund (the "Fund") (TSX:SEF.UN) Exchange Offer.

Gross proceeds

At the closing, the Fund issued 10,309,071 units for total gross proceeds of $95,092,933.

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, 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.

Trading information

Strategic Energy Fund units trade on the Toronto Stock Exchange under the symbol SEF.UN.

Dealer manager

National Bank Financial Inc. was engaged as the dealer manager for the Exchange Offer.

This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Fund, including the potential for future distributions. These statements reflect Sentry Select's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.

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)
    (416) 364-1197 (FAX)
    Sentry Select Capital Corp.
    Kinga Lam
    (media inquiries)
    (416) 364-1197 (FAX)