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Sentry Select Diversified Income Trust (TSX: SDT.UN) amends mandatory market purchase program
2007-07-12
Toronto: Sentry Select Capital Corp., (“Sentry Select”) the manager of Sentry Select Diversified Income Trust (the “Trust”), announces that its Board of Directors has approved an amendment to the Trust’s mandatory market purchase program. Previously, the program had provided that the Trust would purchase Trust units offered in the market if at any time the market price at which unitholders were offering their units for sale was less than 90% of the net asset value per unit determined at the beginning of each calendar quarter. The amendments increase the minimum price at which units will be purchased from 90% to 95% of the net asset value per unit and the net asset value will now be the most recent calculation published on a weekly basis. The maximum number of units that may be purchased during each calendar quarter remains unchanged at 1.25% of the number of units of the Trust outstanding at the beginning of such calendar quarter. Sentry Select Diversified Income Trust: Sentry Select Diversified Income Trust (TSX: SDT.UN) is a closed-end trust, whose objective is to maximize distributions to unitholders by investing primarily in a broad range of royalty and income trusts, real estate investment trusts and other high-yielding securities. Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages over $8 billion in gross assets as of June 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. With 29 reporting issuers, Sentry Select Capital Corp. is the leading manager and/or advisor to entities listed on the TSX. In addition, Sentry Select Capital Corp. manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange. 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 This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Trust, including the potential for future distributions. 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 (www.sedar.com).