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Sentry Select Commodities Income Trust Announces Distribution of 2.0 Cents (C$0.02) per Unit for July 2005

TORONTO Sentry Select Capital Corp. is pleased to announce the July 2005 distribution of 2.0 cents ($0.02) for Sentry Select Commodities Income Trust. Distribution date/trading information The distribution is payable on August 15, 2005 to holders of record on July 29 , 2005. Sentry Select Commodities Income Trust units began trading on the Toronto Stock Exchange under the symbol SSJ.UN on July 19, 2005.

Special Note The July 2005 distribution reflects activity from the closing date to July 31 only. As stated in the prospectus, regular monthly distributions are expected to be $0.05625 per Unit. Sentry Select Commodities Income Trust Sentry Select Commodities Income Trust is a closed-end trust that will initially be constructed to provide approximately 25% exposure to the commodities that make up the Rogers International Commodity Index (RICI) and approximately 75% exposure to a diversified portfolio of commodity-related income funds. The Manager Sentry Select is a wealth management company with gross assets under management in excess of $7 billion.

It is the manager, portfolio manager or administrator 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); Multi Select Income Trust (TSX: MST.UN, MST.PR.A); Alliance Split Income Trust (TSX: ASI.UN, ASI.PR.A); Premier Value Income Trust (TSX: PVN.UN); Strategic Energy Fund (TSX: SEF.UN); MBS Adjustable Rate Income Fund (TSX: MTF.UN); Sentry Select MBS Adjustable Rate Income Fund II (TSX: MGS.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); Diversified Preferred Share Trust (TSX: DPS.UN); Oil Sands Split Trust (TSX: OST.UN); Global DiSCs Trust 2004-1 (TSX: DST.UN); Sentry Select Principal-Protected Blue Chip Notes TM ; Three flow-through limited partnerships; and Eight mutual funds that focus on a broad range of sectors of the economy.

More Information - Investor Services for broker/investor inquiries or Brian McOstrich for media inquiries. Tel: 1-888-246-6656 Fax: 416-364-1197

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 (