Toronto: Sentry Select Capital Corp. is pleased to announce the launch of Bank of Montreal Sentry Select Equity Linked Y.I.E.L.D. Notes Series 1 (Yield and Income Enhanced Linked Deposit Notes).
Benchmark Portfolio: Bank of Montreal Sentry Select Equity Linked Y.I.E.L.D. Notes are deposit notes, issuable in series by Bank of Montreal. The Notes are designed to provide the repayment of principal at Maturity and potential annual interest payments. The amount of interest paid, with an exception of the first interest payment of 4.5%, is linked to the performance of 10 Canadian blue-chip companies selected from various industry sectors. The Portfolio will initially consist of: Alcan Inc., Encana Corporation, Manitoba Telecom Services Inc., Canadian Imperial Bank of Commerce, Bank of Nova Scotia, Telus Corporation, BCE Inc., Barrick Gold Corporation, Research in Motion Limited, and Celestica Inc.
Issue Price and Minimum Investment: The issue price of Bank of Montreal Sentry Select Equity Linked Y.I.E.L.D. Notes is $100 per note with a minimum investment of $2,000 (20 Notes).
Selling Period: The Notes are available for sale until March10, 2006.
FundSERV: The FundSERV code for Bank of Montreal Sentry Select Equity Linked Y.I.E.L.D. Notes is JHN600.
Interest Payments: The interest payment on December 31, 2006 will be 4.5% regardless of the performance of the Benchmark Portfolio. For all subsequent years during the term of the Notes the payments, if any, will be based on the average return of the Portfolio. No interest will be paid unless the average return of the securities in the Portfolio is positive. The interest will be paid on December 31 of each year.
Payment Maturity: The Notes will mature on March 11, 2011 and investors will receive the Deposit Amount of $100 per Note.
Terms of the Offering: An investment in the Notes is subject to certain risks. The complete terms of the offering, including a discussion of certain risks relating to an investment in the Notes, are set out in an Information Statement, which can be obtained by investors from their financial advisor.
Liquidity: A daily secondary market will be maintained by BMO Nesbitt Burns Inc. under normal market conditions, as set out in the Information Statement. There is no assurance that a secondary market will exist. Sale of Notes within 720 days of their issue will be subject to an early trading charge.
Sentry Select Capital Corp.: Established in 1997, Sentry Select Capital Corp. provides investment, administrative and marketing services to 22 exchange-listed closed-end funds, 16 of which have exposure to the income trust sector, 11 mutual funds, 8 principal protected notes and 4 flow-through 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.
More Information: Investor Services (broker/investor inquiries), Brian McOstrich (media inquiries) or Katherine Pawling (Corporate Secretary)
Tel: 1-888-246-6656 Fax: 416-364-1330 email@example.com www.sentryselect.com
For a copy of the Information Statement please visit www.sentryselect.com
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).