TORONTO: Sentry Select Capital Corp. is pleased to announce that Sentry Select Corporate Class Ltd. (the “Corporation”) has acquired all of the assets of NCE Diversified Flow-Through (05) Limited Partnership and NCE Diversified Flow-Through (05-2) Limited Partnership (the “Partnerships”). The total value of the assets at the time of the acquisition was $182,607,031.
Mutual fund share value: In exchange for the Partnerships’ assets, the Partnerships received an aggregate of 4,411,237 Series A shares of Sentry Select Canadian Resource Class (the “Fund”) at a net asset value of $41.40 per share in the capital of the Corporation. The Partnerships acquired the Series A shares of the Fund as part of a pair of transactions through which the Corporation acquired all of the assets of the Partnerships.
Distribution of mutual fund shares: Following the transfer of their assets for Series A shares of the Fund, on February 7, 2007, each Partnership distributed all of the Series A shares to its respective limited partners in proportion to their interest in the Partnership. The limited partners are now shareholders of the Corporation. The Series A shares are redeemable by the shareholders and convertible into shares of other corporate class funds as described below.
Notice to limited partners: A notice of the transfer of each Partnership’s assets to the Corporation for Series A shares of the Fund, and the subsequent dissolution of each of the Partnerships, dated January 4, 2007, was mailed to the limited partners of each Partnership.
Sentry Select Canadian Resource Class: The Fund is a class of mutual fund shares of the Corporation. To achieve its objective of long-term growth through capital appreciation, the Fund invests primarily in equities and other securities of Canadian companies engaged in energy and natural resource industries such as oil and gas, mining and minerals, forestry and other resources, as well as sectors that are dependent on these industries such as pipelines, utilities and equipment manufacturers.
Sentry Select Corporate Class Ltd. : In addition to Sentry Select Canadian Resource Class, the Corporation offers Sentry Select Balanced Class, Sentry Select Canadian Energy Growth Class, Sentry Select Canadian Income Class, Sentry Select Money Market Class and Sentry Select Mining Opportunities Class. The corporate class structure allows investors to convert shares of one corporate class fund into another without triggering immediate tax consequences.
The Manager: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 35 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 22 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of December 31, 2006, the firm had approximately $8 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 firstname.lastname@example.org www.sentryselect.com
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