Toronto/Calgary-Strategic Energy Management Corp. announces that Strategic Energy Fund’s (the “Fund”) cash distribution for August 2005 will be C$0.10 per unit.
Future Distributions-The Manager expects the Fund to pay monthly distributions of $0.10 per unit during the remainder of the year. However, if the make-up of the portfolio changes or if such portfolio holdings make distributions other than in accordance with their indicated guidance, distributions may differ.
The distribution details are as follows:
|Distribution||Ex-Distribution Date||Record Date||Payable Date|
|C$0.10 per unit||August 15, 2005||August 17, 2005||August 31, 2005|
Special Capital Gains Distribution-Strategic Energy Management Corp. announced on July 28, 2005 that the Fund will pay a special distribution of C$0.25 per unit in September. This special capital gains distribution is payable on September 30, 2005 to Unitholders of record on September 12, 2005. Please note that the special distribution will not be received by purchasers of Units pursuant to the Exchange Offering that was also announced on July 28, 2005.
Strategic Energy Fund-Strategic Energy Fund is an investment trust that seeks to provide Unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies as well as early-stage energy companies and to a lesser extent special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation. The Fund’s investments in established companies, including energy royalty and income trusts, are made with a view to generate sufficient income to permit the Fund to make monthly cash distributions to Unitholders. The total regular distributions are now anticipated to be approximately C$1.09 per unit for 2005, excluding special distributions. Investments in early stage energy companies are focused on both private and public issuers with strong, experienced management teams that have proven track records of enhancing shareholder value and successfully executing exit strategies. As well, the Fund may invest in undervalued issuers where Sentry Select Capital Corp., investment advisor to the Fund, believes that capital appreciation can be realized.
Trading information and NAV-Strategic Energy Fund units trade on the Toronto Stock Exchange under the symbol SEF.UN. The Fund’s Net Asset Value as at July 27, 2005 was $14.63 per unit.
Sentry Select Capital Corp. The Investment Advisor is Sentry Select Capital Corp., which is a wealth management company with gross assets under management in excess of $7 billion, including more than $1.4 billion in energy sector-related investments.
Forward looking statements-This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Fund, including the potential for future distributions. When used in this news release, the words "in the future" and "believe" and the use of the future tense generally identify forward-looking statements. These statements reflect Sentry Select's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.
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