Toronto/Calgary: Strategic Energy Management Corp. (the “Manager”), the manager of Strategic Energy Fund (the “Fund”), announces that the Fund’s trust agreement has been amended to increase the amount of Fund units which the Fund is required to purchase for cancellation during the current quarter and the first quarter of 2008, pursuant to the Fund’s mandatory market purchase program. The amount has been increased from 1.25% to up to 4.25% of outstanding units for the current quarter and from 1.25% to up to 3.00% of outstanding units in the first calendar quarter of 2008. The amount of Fund units which the Fund is required to purchase for cancellation pursuant to the Fund’s mandatory market purchase program after March 31, 2008, will remain up to 1.25% of the outstanding trust units in any calendar quarter.
A copy of the Fund’s trust agreement, as amended, can be obtained upon request from Strategic Energy Management Corp. at The Exchange Tower, 130 King Street West, Suite 2850, P.O. Box 104, Toronto, Ontario M5X 1A4, telephone (416) 364-8788, facsimile (416) 364-5615 or under the Fund’s profile on SEDAR at www.sedar.com.
Strategic Energy Fund: Strategic Energy Fund is an investment trust that seeks to provide unitholders with superior rates of return and income through a diversification strategy focused primarily on investment opportunities in the Canadian energy sector. The Fund invests in established companies, early-stage energy companies and, to a lesser extent, special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation.
The Fund’s investments in established companies, including energy royalty and income trusts, are made with a view to generate sufficient income to permit the Fund to make monthly cash distributions to unitholders.
Investments in early-stage energy companies are focused on both private and public issuers with strong, experienced management teams that have proven track records of enhancing shareholder value and successfully executing exit strategies. As well, the Fund may invest in undervalued issuers where Sentry Select Capital Corp., the investment advisor to the Fund, believes that capital appreciation can be realized.
Trading information: The Fund’s units trade on the Toronto Stock Exchange (“TSX”) under the symbol SEF.UN.
Sentry Select Capital Corp.: Sentry Select Capital Corp. (“Sentry Select”), a sub-advisor to the Manager, is a Canadian wealth management company that manages approximately $8 billion in gross assets as of October 31, 2007. Sentry Select 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 TSX-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.
Forward-looking statements: 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 Fund, 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.
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
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).