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CAPVEST Income Corp. (TSX-V: CVS) releases 2006 semi-annual financial results

TORONTO: CAPVEST Income Corp. (the “Company”) is pleased to announce its semi-annual results for the six-month period ended June 30, 2006.

Highlights: • From December 31, 2005 to June 30, 2006, the Company was invested, on a leveraged basis, in a portfolio of commodity-related income trusts and energy equities. As of June 30, 2006, approximately 21.93% of the total assets had exposure to Rogers International Commodity Index (the “RICI”).• In the interim period, the Company had an increase in net assets from operations of $502,455, representing an increase per share of $0.01 (2005 - $0.01).• The Company’s net assets increased to $10,352,318 as of June 30, 2006, representing an increase of approximately 5% from December 31, 2005. The largest factor contributing to the increase was the appreciation in the value of the forward agreement, which provides exposure to the RICI and commodity-related income trusts.• For the interim period, the Company had investment income of $793,020 (2005 - $202,858), mostly from royalties and dividends. • The Company’s net asset value per common share was $0.23 as of June 30, 2006, an increase from $0.22 as of December 31, 2005. As of June 30, 2006 the closing market price per share was $0.175 per share, representing a 24% discount to NAV.• On August 9, 2006, the Company closed a rights offering that raised total gross proceeds of $6,860,921 through the issuance of 45,739,475 shares.

2006 interim financial results: For the complete 2006 Semi-Annual Management Report of Fund Performance and Semi-Annual Financial Statements, please visit or

Investment objectives: The investment objective of CAPVEST Income Corp. is to generate capital appreciation and income, through exposure to commodity-related investments, including commodity-related income trusts and the Rogers International Commodity Index (RICI).

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 32 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 16 mutual funds, 15 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of July 31, 2006, the firm had approximately $8.5 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries), Kinga Lam (media inquiries) or Kevin Cohen (Corporate Secretary) 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 (