March 08, 2005 15:41 ET

Strategic Energy Fund 'TSX:SEF.UN' To Pay a Cash Distribution of $0.07 Per Unit for March 2005




MARCH 8, 2005 - 15:41 ET

Strategic Energy Fund 'TSX:SEF.UN' To Pay a Cash
Distribution of $0.07 Per Unit for March 2005

TORONTO, ONTARIO and CALGARY, ALBERTA--(CCNMatthews - March 8, 2005) -

Strategic Energy Management Corp. announces that Strategic Energy Fund's
(TSX:SEF.UN) cash distribution for March is $0.07 per unit.

The cash distribution of $0.07 per unit in March 2005 is an increase of
$0.01 from $0.06 per unit in February 2005.

The distribution details are:

Distribution Ex-Distribution Date Record Date Payable Date
C$0.07 per unit March 14, 2005 March 16, 2005 March 31, 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 investments in established companies, including energy
royalty and income trusts, are made with a view of generating sufficient
income to permit the Fund to make monthly cash distributions to
Unitholders. These distributions are currently anticipated to be
approximately $0.84 per unit annually.

Investments in early stage energy companies are focused on both private
and public issuers with strong, experienced management teams, which have
proven track records of enhancing shareholder value and successfully
executing exit strategies. As well, the Fund may invest in undervalued
issuers where Sentry Select Capital Corp., investment adviser to the
Fund, believes that capital appreciation can be realized.

Trading information and NAV

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

Based on the closing price of $13.35 per unit on the Toronto Stock
Exchange as at March 7, 2005, the distribution would represent an
annualized yield of approximately 6.29%.

The Fund's Net Asset Value as at March 2, 2005 was $14.49 per unit.

Future distributions

The Manager expects to pay monthly distributions of $0.07 per unit
through the year 2005. However, if the make-up of the portfolio changes
or if such portfolio holdings make distributions other than in
accordance with their indicated guidance, distributions may differ.

Rights Offering

On February 28, 2005, Strategic Energy Management Corp. announced that
Strategic Energy Fund (the "Fund") had filed a preliminary prospectus in
connection with an offering of Rights to its Unitholders to subscribe
for Trust Units (the "Rights Offering").

The Rights Offering is subject to receipt of all regulatory approvals,
including the approval of the Toronto Stock Exchange.

Sentry Select Capital Corp.

The Investment Adviser is Sentry Select Capital Corp. Sentry Select is a
wealth management company with total assets under management of
approximately $4.0 billion, including more than $1.2 billion in energy
sector-related investments.

Forward looking statements

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 Trust, including the
potential for future distributions. When used in this news release, the
words "in the future" and "believe" and the use of the future tense
generally identify forward-looking statements. 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.

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Contact Information

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    1 (888) 246-6656
    (416) 364-1330 (FAX)