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Sentry Select Capital Corp. announces October 2006 distributions for principal-protected notes
2006-10-12

TORONTO: Sentry Select Capital Corp. is pleased to announce the October 2006 distribution amounts for the following principal-protected notes.

Note Issue date Distribution amount (per $100 note) Record date Payable date Annualized yield Distributions per note since inception
Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 1 March 17, 2006 $0.450094 October 13, 2006 October 16, 2006 5.1% $2.508055
Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 1 March 17, 2006 $0.450094 October 12, 2006 October 13, 2006 5.1% $2. 508055
Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 2 May 17, 2006 $0.463957 October 13, 2006 October 16, 2006 5.2% $1.771613
Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 2 May 17, 2006 $0.463957 October 12, 2006 October 13, 2006 5.2% $1.771613
Bank of Montreal Sentry Select Canadian Income Deposit Notes, Series 3 July 19, 2006 $0.413117 October 13, 2006 October 16, 2006 5.0% $0.831854
Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes, Series 3 July 19, 2006 $0.413117 October 12, 2006 October 13, 2006 5.0% $0.831854

Deposit notes: Bank of Montreal Sentry Select Canadian Income Deposit Notes and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes (“the Notes”) are deposit notes, issued by Bank of Montreal. The performance of the Notes is linked to the appreciation of a Basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Senior Portfolio Manager, Sentry Select (“Income Portfolio”), and (ii) a Notional Bond Portfolio. The Income Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.

Future distributions: Bank of Montreal will pay to each holder distributions in an amount equal to 75% of all distributions, if any, received on the Income Portfolio component of the Basket. The allocation of the Income Portfolio to the Basket may be more or less than 100% and distributions paid in respect of the Income Portfolio will fluctuate from month to month. There is no guarantee that the investment manager or the individual income funds will be able to maintain the level of distribution or that the Income Portfolio will make any distribution.

Website: To find out more about the Deposit Notes, net asset values and investment objectives, please visit www.sentryselect.com.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 17 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of September 30, 2006, the firm had approximately $8.5 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com

Disclosure of how variable interest (if any) on the Notes is calculated is contained in the related Information Statement. This release is issued for information purposes only and does not constitute an offer to sell or a solicitation to purchase the Notes. The prices, value and/or income the Notes produce may fluctuate and/or be adversely affected by a number of factors. The distributions on the units in the Portfolio will directly impact the amount of principal repaid in the case of the R.O.C. Canadian Income Deposit Notes, and interest paid, in the case of the Canadian Income Deposit Notes, in any year prior to maturity. The fluctuation of the value of the Portfolio will directly impact the return, if any, on the Notes at maturity. In addition, the return payable at maturity on the R.O.C. Notes, if any, will be reduced by a percentage of the amounts you receive prior to maturity pursuant to a formula set out in the related Information Statement.


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).