August 30, 2005 09:39 ET

Strategic Energy Fund 'TSX:SEF.UN' Files Final Prospectus for Follow-On Offering Comprised of a Cash Option and Exchange Option; Maximum $150,000,000

TORONTO, ONTARIO and CALGARY, ALBERTA--(CCNMatthews - Aug. 30, 2005) - Strategic Energy Management Corp. is pleased to announce that Strategic Energy Fund (the "Fund")(TSX:SEF.UN) has filed a final prospectus across Canada, qualifying units (the "Units") of the Fund (the "Offering") which prospective purchasers can acquire for cash or in exchange for units or shares ("Eligible Securities") of 88 Exchange Eligible Issuers (the "Issuers") pursuant to the Exchange Option. The prospectus qualifies up to 10,668,259 Units at an offering price of $14.0604 for maximum gross offering proceeds of $150,000,000.

Exchange Option

The Exchange Option was open for acceptance by holders of Eligible Securities of the 88 Issuers until 4:00 PM (Toronto time) on August 25, 2005.

Cash Option

Prospective purchasers may still acquire units of the Fund for cash until September 12, 2005.

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.


The Fund's Net Asset Value at the close of business on August 26, 2005 was $14.79 per Unit.

Sentry Select Capital Corp.

The Investment Advisor 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.


This offering is expected to close on or about September 13, 2005.


The syndicate for the Offering is co-led by First Associates Investments Inc. and Canaccord Capital Corporation and also includes 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

  • Strategic Energy Fund
    Investor Services (broker/investor enquiries)
    (416) 364-1197 (FAX)
    Strategic Energy Fund
    June MacKinnon (MEDIA enquiries)
    (416) 364-1197 (FAX)