TORONTO Sentry Select Capital Corp. announces changes to distribution amounts for Alliance Split Income Trust, Diversified Income Trust II, Multi Select Income Trust, Sentry Select Commodities Income Trust, Sentry Select Focused Growth & Income Trust, Select 50 S-1 Income Trust, and Select 50 S-1 Income Trust II.Distribution Reductions Alliance Split Income Trust Capital Units, Diversified Income Trust II and Multi Select Income Trust Capital Units decreased their monthly distributions from $0.1125 per unit to $0.0825 per unit, from $0.09 per unit to $0.08 per unit, and from $0.075 per unit to $0.07 per unit respectively. In 2005 these Trusts experienced significant annual redemptions that reduced the assets of the Trusts and triggered capital gains. The taxable capital gains were declared to unitholders in December 2005, further reducing the assets of the Trusts. Subsequently, the per unit cost of operating the Trusts has increased, reducing the income available for distribution to unitholders.Performance as at December 31, 2005
|Alliance Split Income Trust|
|1 year||2 year||3 year||Since inception (April 30, 2004)|
|Diversified Income Trust II|
|1 year||2 year||3 year||Since inception (November 15, 2002)|
|Multi Select Income Trust|
|1 year||2 year||3 year||Since inception (September 16, 2004)|
Distribution Increases Sentry Select Commodities Income Trust, Sentry Select Focused Growth & Income Trust, Select 50 S-1 Income Trust, and Select 50 S-1 Income Trust II have increased their monthly distributions from $0.05625 per unit to $0.06 per unit, from $0.0625 per unit to $0.065 per unit, from $0.0675 per unit to $0.08 per unit, and from $0.06 per unit to $0.079 per unit respectively. Future Distributions Distributions are based upon the current make-up of each individual trust’s portfolio and the indicated distribution policies of the income funds in the portfolios. If the make-up of the portfolios changes or if such income funds make distributions other than in accordance with their indicated policies, the distributions could change. Sentry Select Capital Corp. Sentry Select Capital Corp. provides investment, administrative and marketing services to 22 exchange-listed closed-end funds, 11 mutual funds, 8 principal protected notes and 4 limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of December 31, 2005, the firm had approximately 8 billion in gross assets under management.
The indicated rates of return are the historical annualized total returns at market, including the reinvestment of distributions. Past performance may not be repeated.
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).