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Sentry Select Commodities Income Trust (TSX: SSJ.UN) provides further information regarding annual redemption

TORONTO: Sentry Select Capital Corp. (“Sentry Select”) announces that it is recommending an adjustment to the amount paid out to unitholders who redeemed their units of Sentry Select Commodities Income Trust (the “Trust”) on August 31, 2006 (the “Redemption”). The recommendation will be presented to Sentry Select’s Independent Review Committee at its meeting currently scheduled for July 21, 2008.

The recommendation follows the June 5, 2008 dismissal of Sentry Select’s appeal from the June 15, 2007 ruling that the Trust, based on the Trust’s indenture, should have paid out an additional $0.43 per unit to two unitholders who redeemed their units of the Trust on August 31, 2006. In June 2007, the Trust recorded a liability to reflect the impact to the net asset value if the Trust were to pay out an additional $0.43 per unit to all unitholders who participated in the Redemption. Thus, the current published net asset value of the Trust will not be affected if the additional amount is paid out.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6.5 billion in gross assets as of March 31, 2008. 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.

More information: Investor Services (broker/investor inquiries) orKevin Cohen (Vice-President, Operations & General Counsel)         Tel:  1-888-246-6656   Fax: 416-364-1197

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