Toronto: Oil Sands Split Trust announces that, consistent with the assumption by Sentry Select Capital Corp. (“Sentry Select”) of the position as Administrator of the Trust, each of the former trustees of the Trust has resigned and been replaced. The new trustees are John F. Driscoll, the Honourable Michael A. Meighen, Donald J. Worth, Simon B. Scott and Frank Potter, each of whom is a director of Sentry Select. The change in trustees will make the governance of the Trust consistent with the governance of other Sentry Select managed investment funds.Oil Sands Split Trust: Oil Sands Split Trust invests in units of Canadian Oil Sands Trust (“COS”) and offers investors both Preferred Securities and Capital Units. Distributions from COS Units are used to fund quarterly interest payments on the Preferred Securities, whereas Capital Units participate in any capital appreciation in the COS Units and benefit from any increase in the distributions paid on the COS Units. The Preferred Securities and Capital Units are listed for trading on The Toronto Stock Exchange under the symbols “OST.PR.A” and “OST.UN” respectively.
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