TORONTO - Sentry Select Capital Corp. (“Sentry Select” or the “Manager”) is pleased to announce that it has filed a final prospectus across Canada qualifying the initial public offering by Premier Value Income Trust (the “Trust”), a closed-end investment trust of which Sentry Select will be the Manager and Trustee.Offering Price - The offering price is $10.00 per Unit with a minimum purchase of 200 units ($2,000).Investment Objectives - The Trust's investment objectives are to:
(i) provide the Unitholders with a stable stream of monthly distributions targeted to be $0.05833 per Unit ($0.70 per annum or 7.0% of the original issue price); (ii) return to Unitholders upon the termination of the Trust at least the original issue price ($10.00 per Unit) of the Units; and (iii) enhance long-term total return through capital appreciation of the portfolio of the Trust. The net proceeds from the Offering, together with any borrowings under the Trust’s contemplated loan facility, will be invested in a diversified portfolio of securities which will consist of commercial and industrial income trusts, real estate investment trusts and oil and gas royalty and income trusts. The Manager will use substantially the same investment strategy for the Trust as it does for two other Sentry Select closed-end trusts, Sentry Select Diversified Income Trust and Diversified Income Trust II.
Closing - The initial offering is expected to close on or about February 15, 2005.
The Agents - The Units are being offered through a syndicate of agents co-led by RBC Capital Markets, CIBC World Markets Inc. and National Bank Financial Inc., which includes BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corporation, First Associates Investments Inc., Desjardins Securities Inc., Richardson Partners Financial Limited. and Wellington West Capital Inc.
The Manager Sentry Select is the manager of the Trust. Sentry Select is also responsible for providing or arranging for the provision of administrative services required by the Trust. Sentry Select is a wealth management company with current total assets under management of approximately $4.0 billion.
It is the manager or portfolio manager of:
• Sentry Select Diversified Income Trust (TSX:SDT.UN); • Diversified Income Trust II (TSX:DTT.UN); • Select 50 S-1 Income Trust (TSX:SON.UN); • Select 50 S-1 Income Trust II (TSX:SDE.UN); • Pro-Vest Growth & Income Fund (TSX:PRG.UN); • Sentry Select Focused Growth & Income Trust (TSX:SFG.UN); • COmmercial and INdustrial Securities Income Trust “COINS” (TSX: COI.UN); • Sentry Select Principal-Protected Blue Chip Notes™; • MBS Adjustable Rate Income Fund (TSX:MTF.UN); • Multi Select Income Trust (TSX:MST.UN, MST.PR.A); • Alliance Split Income Trust (TSX:ASI.PR.A, TSX:ASI.UN); • Strategic Energy Fund (TSX:SEF.UN); • Mortgage-Backed Securities Trust (TSX:MF.UN; TSX:MF.U); • Sentry Select Blue-Chip Income Trust (TSX:SIT.UN); • Sentry Select Global Index Income Trust (TSX:SGT.UN); • CAPVEST Income Corp. (TSX-V:CVS); • Four flow-through investment funds; and • Eight mutual funds that focus on a broad range of sectors of the economy;
Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).