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Sentry Select Capital Corp. files final prospectus for Sentry Select China Fund

TORONTO: Sentry Select Capital Corp. (“Sentry Select” or the “Manager”) is pleased to announce that it has filed and has received a receipt from the securities regulators across Canada in respect of a final prospectus qualifying the initial public offering of Sentry Select China Fund (the “Fund”), a closed-end investment fund for which Sentry Select will be the manager and trustee.

Offering price: The offering price is $10.00 per unit and the minimum purchase quantity is 200 units ($2,000).

Investment objectives: The Fund has been designed to provide investors with an actively managed, diversified portfolio of equity securities of companies that carry on the majority of their business in China.

The Fund’s investment objectives are to: • provide a total return for unitholders, and • pay quarterly cash distributions (initially, expected to be $0.125 per quarter, or 5% per annum based on the original price of $10.00 per unit).

The portfolio: The Fund will employ an active investment management strategy. HSBC Investments (Canada) Limited will be the investment advisor to the Fund. The investment advisor will appoint its affiliate, Halbis Capital Management (Hong Kong) Limited as the Fund’s sub-advisor (the “HSBC sub-advisor”). The HSBC sub-advisor will use a combination of ‘‘top-down’’ economic and ‘‘bottom-up’’ stock-selection driven investment approaches in combination with sector research, economic fundamental analysis and other global resources exclusively available to the HSBC sub-advisor.

Closing: The closing is expected to occur on or about April 27, 2007.

Conversion of the Fund: On May 1, 2009, the Fund will become an open-end mutual fund, and the units will be delisted and become redeemable at the net asset value per unit on a daily basis.

TSX listing: The Toronto Stock Exchange has conditionally approved the listing of the units under the symbol CHZ.UN.

Distribution reinvestment plan: The Fund will offer a distribution reinvestment plan whereby unitholders may elect to have their cash distributions (net of any applicable withholding tax in the case of a non-resident unitholder) reinvested in additional units of the Fund. After the conversion to an open-end mutual fund, all distributions will automatically be reinvested in units, unless the unitholder requests to receive cash.

The Manager: Sentry Select Capital Corp., the Manager of the Fund, is an innovative Canadian wealth management company who manages approximately $8 billion in gross assets as of March 31, 2007. 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 35 reporting entities, Sentry Select is the leading issuer of securities listed on the Toronto Stock Exchange.

Investment Advisor: HSBC Investments (Canada) Limited will be the investment advisor to the Fund. The investment advisor will appoint its affiliate, Halbis Capital Management (Hong Kong) Limited as the Fund’s sub-advisor. Halbis Capital Management manages assets of over US$91 billion worldwide, including US$7.7 billion in Chinese equity mandates as of December 31, 2006.

The Agents: A syndicate of agents is co-led by TD Securities Inc., CIBC World Markets Inc. and RBC Capital Markets, and includes HSBC Securities (Canada) Inc., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Capital Corporation, Raymond James Ltd., Blackmont Capital Inc., Dundee Securities Corporation, Berkshire Securities Inc., Desjardins Securities Inc., IPC Securities Corporation, Research Capital Corporation and Wellington West Capital Inc.

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

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.

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 (