TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce the addition of Low Load and full DSC options to its mutual fund family and the launch of Sentry Select Growth and Income Fund (the “Fund”).
Low Load and DSC options: The Low Load and full DSC options are available for all Series A Sentry Select funds, including Sentry Select Corporate Class Ltd., with the exception of Sentry Select Money Market Fund/Class, which offer these options in Series B. “These options will open up Sentry Select’s funds to the many investment professionals who use deferred commission structures,” said Michael Kovacs, Managing Director, Sentry Select Mutual Funds. “Sentry Select has built its business on strong partnerships with the investment community and the addition of the deferred sales charges will allow us to offer more options for them”.
For the full details of the commissions and redemption schedules, please refer to the simplified prospectus for Sentry Select Group of Funds and the amendment to the Sentry Select Corporate Class Ltd. simplified prospectus, both dated August 20, 2008, available on www.SEDAR.com and Sentry Select website at www.sentryselect.com.
Sentry Select Growth and Income Fund: Sentry Select Growth and Income Fund’s investment objective is to seek a balance of current income and long-term capital appreciation by investing in a diversified portfolio of dividend-paying and/or distribution-paying North American equity and income securities, including income trusts, common and preferred shares and, to a lesser extent, interest-bearing securities, such as bonds, bills or bankers acceptances. The Fund intends to pay regular, tax-efficient monthly distributions, initially targeted at 8% per annum.
The Fund is managed by Michael Simpson, Vice-President and Senior Portfolio Manager and Sandy McIntyre, Senior Vice-President and Chief Investment Officer. “Equities are one of the unique asset classes that generate income growth and capital appreciation over time,” said Sandy McIntyre. “As one of the best inflation hedges available, equities are an indispensable asset class for investors at every stage of life.”
Series I units: Sentry Select is also pleased to announce the launch of Series I units, generally available for institutional investors and large single purchase orders.
Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6 billion in assets as of June 30, 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.
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Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ‘‘expect’’, ‘‘intend’’, “will” and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sentry Select believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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