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Sentry Select Capital Corp. reconciles NAV error in Sentry Select Blue-Chip Income Trust (TSX: SIT.UN)

TORONTO: Sentry Select Capital Corp. (“Sentry Select” or the “Manager”), the manager of Sentry Select Blue-Chip Income Trust (the “Trust”), announces that it has completed its review of the reconciliation process of the Trust’s net asset value per unit (“NAVPU”) discrepancy announced on January 25, 2007.

An administrative error in processing the July 2002 monthly redemption resulted in an understatement in the NAVPU of the Trust over the period from July 31, 2002 to January 18, 2007, inclusive (the “Period”). As a result, unitholders who redeemed units of the Trust during the Period (“Entitled Unitholders”) are entitled to additional redemption proceeds from the Trust, including interest.

The Manager forwarded the additional redemption proceeds to be paid to Entitled Unitholders, together with payment allocation details, to the Canadian Depository for Securities Limited, who will direct the funds to the respective brokerage firms. Based on their records, the brokerage firms have the responsibility to determine the payments to their Entitled Unitholders.

Entitled Unitholders who changed brokerage firms since the time they redeemed units of the Trust are advised to contact their financial advisor regarding payment details.

The Manager has been advised by its legal counsel that the payments should be treated by the unitholders as additional proceeds on disposition. Unitholders should consult their tax advisors regarding the income tax consequences of these payments.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is one of the fastest-growing wealth management companies in Canada and manages over $8 billion in gross assets. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 37 reporting entities, Sentry Select is the leading issuer of securities listed on the Toronto Stock Exchange.

More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) 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 (