Sentry Select Capital Inc.

Sentry Select Capital Inc.
Sentry Select MBS Adjustable Rate Income Fund II
TSX : MGS.UN

June 08, 2009 17:21 ET

Unitholders Approve Amendments to the Declaration of Trust of Sentry Select MBS Adjustable Rate Income Fund II

TORONTO, ONTARIO--(Marketwire - June 8, 2009) - Sentry Select Capital Inc. ("Sentry Select") is pleased to announce that, at a special meeting held today, the unitholders of Sentry Select MBS Adjustable Rate Income Fund II (the "Fund") (TSX:MGS.UN) approved to the amendments to the Fund's Amended and Restated Declaration of Trust dated January 1, 2009 (the "Amendments").

The Amendments are expected to become effective and the Fund's units are expected to be de-listed from trading on the Toronto Stock Exchange (the "TSX") on or about June 16, 2009. Following the implementation of the Amendments, unitholders will be able to redeem their units on a monthly basis at net asset value per unit. The first redemption date will be July 31, 2009.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations including, but not limited to, the proposed timing of the de-listing of units from the TSX and implementation of the Amendments. Although Sentry Select believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Past results are not a guarantee of future performance. For a complete disclosure record for the Fund, please visit the Fund's profile at www.sedar.com.



Sentry Select Capital Inc.
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

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