Diversified Preferred Share Trust (TSX: DPS.UN) unitholders approve issuance of additional units and amendment to Declaration of Trust
TORONTO: Diversified Preferred Share Trust (the “Trust”) is pleased to announce that at a special meeting held on June 20, 2007, the unitholders of the Trust approved the listing of an additional 500,000 units to be reserved for issuance to the administrator as payment of the monthly administration fee; and an amendment to the Declaration of Trust that will enable the Trust to issue units at less than $25 per unit, provided that the units will be issued for net proceeds that equal or exceed the net asset value per unit. Diversified Preferred Share Trust: Diversified Preferred Share Trust is designed to provide unitholders with the opportunity to receive quarterly cash distributions by investing in an equally weighted diversified portfolio of preferred shares and preferred securities of Canadian issuers managed on a passive basis and to receive the benefits of a low management expense ratio. The Trust’s units trade on the Toronto Stock Exchange under the symbol DPS.UN. Administrator: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $8 billion in gross assets as of April 30, 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. Sentry Select Capital Corp. provides management and advisory services to 32 exchange-listed entities. More Information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1197 email@example.com www.sentryselect.com 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.
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