TORONTO: CAPVEST Income Corp. (the “Corporation”) announces that the Board of Directors of the Corporation has determined that no dividends are expected to be paid in 2008 in respect of the Corporation’s common shares. This measure was taken to preserve and enhance the net asset value of the common shares. It is a part of an ongoing strategy to preserve capital of the Corporation to allow it to pursue the investment objective, approved by shareholders in 2007, to make direct investments in infrastructure assets. It will also provide additional protection to the Corporation’s outstanding convertible debentures, which mature on December 31, 2008.
CAPVEST Income Corp.: The investment objective of CAPVEST Income Corp. is to generate income and capital appreciation through investing, directly or indirectly, in a diversified group of infrastructure and energy assets. Its common shares and 7% convertible debentures trade on the TSX Venture Exchange under the symbols CVS and CVS.DB, respectively.
Sentry Select Capital Corp.:Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $8 billion in gross assets as of December 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. Sentry Select is the manager and/or advisor to 30 Toronto Stock Exchange- listed reporting issuers. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information. Such forward-looking information is qualified entirely by the inherent risks and uncertainties surrounding future expectations. The forward-looking information in this news release is based on a number of assumptions which the Corporation believes are reasonable, but may prove to be incorrect. Therefore, actual results may vary from the Corporation’s expectations. Important factors that could cause actual results to differ materially from such expectations include, among other things, general economic and market factors. These cautionary statements qualify all forward-looking information contained in this news release and attributable to the Corporation and persons acting on its behalf. Unless otherwise stated, all forward-looking information speaks only as of the date of this news release and the Corporation has no obligation to update such statements except as required by 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).