“This is the type of opportunity we envisioned for Total Strategy when the fund was created,” says Gordon Higgins, Vice President, Equities, Sentry Select. “The investment offers our unitholders exposure to the growing agricultural sector in Canada.”“Total Strategy’s investment in AgriFinancial is representative of the type of investment we look to make on behalf of its unitholders,” says Mark Gardhouse, President of C.A. Bancorp. “Agrifinance and AgriCard are well-established brand names, and the management team led by President and CEO Brian Leier has the skills, experience and vision to grow the businesses and create value.”Transaction: Part of Total Strategy’s overall investment strategy is to invest in a private portfolio of companies. The one million dollar equity investment in AgriFinancial was made through C.A. Bancorp Financial Corp. (“Financial Corp.”). C.A. Bancorp and Total Strategy are the sole shareholders of Financial Corp., with C.A. Bancorp holding approximately 90% and Total Strategy holding approximately 10% of the issued and outstanding shares of Financial Corp. Financial Corp. owns and controls all of the issued and outstanding shares of AgriFinancial.Trading information and NAV: Sentry Select Total Strategy Fund’s units trade on the Toronto Stock Exchange (“TSX”) under the symbol TSF.UN. As of October 16, 2007, Total Strategy’s closing price on the TSX was $10.05 per unit and the most recently calculated net asset value as of October 11, 2007 was $10.39 per unit.Sentry Select Total Strategy Fund: Sentry Select Total Strategy Fund is a publicly traded closed-end fund which provides investors with an opportunity to benefit from Sentry Select’s extensive management expertise across various investment strategies and C.A. Bancorp’s experience with private equity investments.C.A. Bancorp Inc.: C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset manager that provides investors with access to a range of private equity and alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $8 billion in gross assets as of September 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 is the manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.More information: Kurt Brands, Vice-President, Corporate Development, C.A. Bancorp Inc.Tel: 1-866-388-5985, Fax: 416-861-8166 firstname.lastname@example.orgGordon Higgins, Vice-President, Equities, Sentry Select Capital Corp.Tel: 1-888-246-6656. Fax: 416-364-1197 email@example.com
This news release contains forward-looking statements with respect to the acquisition of the businesses of Agrifinance and AgriCard, and matters concerning the business, operations and strategy of Total Strategy, Sentry Select, C.A. Bancorp and AgriFinancial. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent Total Strategy, Sentry Select and/or C.A. Bancorp’s beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may", "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur.
The future business, operations and performance of Total Strategy, C.A. Bancorp and AgriFinancial discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, conditions affecting the agricultural and financial services sectors, competition, changes in government regulation, interest rates, tax related matters, and reliance on key personnel of AgriFinancial. Total Strategy and C.A. Bancorp caution
that risk factors discussed in applicable continuous disclosure filings required by law that Total Strategy and C.A. Bancorp have made and filed on SEDAR should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by Total Strategy and C.A. Bancorp. The cautionary statements qualify all forward-looking statements attributable to Total Strategy or C.A. Bancorp and persons acting on their behalf.
Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Total Strategy and C.A. Bancorp do not undertake, and specifically disclaim, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
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).