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Sentry Select FIDAC U.S. Mortgage Trust (TSX: SSF.UN) announces quarterly distribution of $0.16 per unit
TORONTO: Sentry Select Capital Corp.  (“Sentry Select”) is pleased to announce that Sentry Select FIDAC U.S. Mortgage Trust’s (the “Trust”) quarterly distribution for November 2007 will be increased to $0.16 per unit, up from $0.13 per unit for the previous quarter. This is the third distribution increase in 2007, due to improving spreads between the cost of financing and the income earned on the portfolio.

“In an environment in which the credit markets continue to deteriorate and show extreme amounts of volatility, we are pleased to be announcing a distribution increase of 23% from the previous quarter, as the benefits of owning a portfolio of high-quality U.S. Agency mortgage-backed securities are realized by our shareholders,” said Ron Kazel, Managing Director, FIDAC.

The distribution is payable on December 14, 2007 to unitholders of record on November 30, 2007.Sentry Select FIDAC U.S. Mortgage Trust: Through a limited partnership, the Trust invests in a portfolio consisting primarily of mortgage-backed securities with actual or implied AAA rating, issued by the U.S. agencies commonly known as Ginnie Mae, Fannie Mae and Freddie Mac. The investment objective of the Trust is to generate net income for distribution to investors from the spread between the interest income on its mortgage-backed securities and the cost of borrowing to finance their acquisition.Future distributions: he distribution is based upon the current make-up of the Trust’s portfolio. If the make-up of the portfolio changes, the distributions could change.Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages approximately           $8 billion in gross assets as of October 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 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: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel:  1-888-246-6656   Fax: 416-364-1197   info@sentryselect.comThis 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 (