TORONTO Sentry Select Capital Corp. (“Sentry Select” or the “Manager”) is pleased to announce that it has filed a preliminary prospectus across Canada qualifying the initial public offering by Sentry Select FIDAC U.S. Mortgage Trust (the “Trust”), a closed-end investment trust of which Sentry Select will be the Manager and Trustee. Offering PriceThe offering price is $10 per unit and the minimum purchase quantity is 200 units ($2,000).Investment Objectives The Trust's investment objective is to provide Unitholders with cash distributions on a quarterly basis. The cash distributions will be directly related to the spread between the interest income earned on the Portfolio of mortgage-backed securities owned by MBS U.S. Limited Partnership and the cost of borrowing to finance their acquisition. Cash distributions from the Trust are not fixed and will vary. Investment Manager Fixed Income Discount Advisory Company (FIDAC) will be the investment manager to MBS U.S. Limited Partnership. The Agents A syndicate of agents is being co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc., and includes National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corp., First Associates Investments Inc., Wellington West Capital Inc., Desjardins Securities Inc., IPC Securities Corporation and Rothenberg Capital Management 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 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 ìCOINSî (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 Commodities Income Trust (TSX: SSJ.UN); Sentry Select Principal-Protected Blue Chip Notes ™ Series I-IV; Three flow-through limited partnerships; and Eleven mutual funds that focus on a broad range of sectors of the economy.
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