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Sentry Select Capital Corp. announces November 2008 distributions for principal-protected notes
2008-11-13

TORONTO: Sentry Select Capital Corp. ("Sentry Select") is pleased to announce the November 2008 distribution amounts for the following principal-protected notes.

 

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Note              Issue   Distribu-   Record   Payable  Annual-     Distri-
                   date        tion     date      date     ized     butions
                             amount                       yield    per note
                               (per                                   since
                               $100                               inception
                               note)
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,   March                  Nov.      Nov.
 Series 1            17,                  13,       14,    
 (JHN601)          2006   $0.097045     2008      2008      1.2%  $6.786275
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit   March                  Nov.      Nov.
 Notes, Series 1     17,                  13,       14,   
 (JHN602)          2006   $0.097045     2008      2008      1.2%  $6.786275
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,     May                  Nov.      Nov.
 Series 2            17,                  13,       14, 
 (JHN603)          2006   $0.169917     2008      2008      2.0%  $7.657856
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit     May                  Nov.      Nov.     
 Notes, Series 2     17,                  13,       14,
 (JHN604)          2006   $0.169917     2008      2008      2.0%  $7.657856 
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,    July                  Nov.      Nov.    
 Series 3            19,                  13,       14,
 (JHN605)          2006   $0.095081     2008      2008      1.1%  $5.012115
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit    July                  Nov.      Nov.      
 Notes, Series 3     19,                  13,       14,
 (JHN606)          2006   $0.095081     2008      2008      1.1%  $5.012115
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,    Sept.                 Nov.      Nov. 
 Series 4            20,                  13,       14,
 (JHN607)          2006   $0.102097     2008      2008      1.2%  $4.009816
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Bank of Montreal
 Sentry Select    
 R.O.C. Canadian
 Income Deposit    Sept.                 Nov.      Nov.
 Notes, Series 4     20,                  13,       14,      
 (JHN608)          2006   $0.102097     2008      2008      1.2%  $4.009816
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Bank of Montreal
 Sentry Select   
 Canadian Income
 Deposit Notes,     Oct.                 Nov.      Nov.   
 Series 5            31,                  13,       14,  
 (JHN609)          2006   $0.170921     2008      2008      2.1%  $7.254559
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Bank of Montreal
 Sentry Select      
 R.O.C. Canadian
 Income Deposit     Oct.                 Nov.      Nov.         
 Notes, Series 5     31,                  13,       14,
 (JHN610)          2006   $0.170921     2008      2008      2.1%  $7.254559
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Bank of Montreal
 Sentry Select   
 Canadian Income 
 Deposit Notes,     Dec.                 Nov.      Nov.             
 Series 6            20,                  13,       14,
 (JHN612)          2006   $0.213457     2008      2008      2.6%  $9.977571
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Bank of Montreal
 Sentry Select     
 R.O.C. Canadian
 Income Deposit     Dec.                 Nov.      Nov. 
 Notes, Series 6     20,                  13,       14,  
 (JHN613)          2006   $0.213457     2008      2008      2.6%  $9.977571
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,   March                  Nov.      Nov. 
 Series 7            14,                  13,       14,
 (JHN614)          2007   $0.246356     2008      2008      3.0%  $9.141519
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit   March                  Nov.      Nov.
 Notes, Series 7     14,                  13,       14,     
 (JHN615)           2007   $0.246356     2008      2008      3.0%  $9.141519
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,    Sept.                 Nov.      Nov. 
 Series 8            19,                  13,       14,  
 (JHN627)          2007   $0.212937     2008      2008      2.6%  $5.312126
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian 
 Income Deposit    Sept.                 Nov.      Nov. 
 Notes, Series 8     19,                  13,       14, 
 (JHN628)          2007   $0.212937     2008      2008      2.6%  $5.312126
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Bank of Montreal
 Sentry Select
 Canadian Income
 Deposit Notes,     Nov.                 Nov.      Nov.
 Series 9            14,                  13,       14, 
 (JHN630)          2007   $0.419855     2008      2008      5.0%  $5.241795
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Bank of Montreal
 Sentry Select
 R.O.C. Canadian
 Income Deposit     Nov.                 Nov.      Nov. 
 Notes, Series 9     14,                  13,       14,    
 (JHN631)          2007   $0.419855     2008      2008      5.0%  $5.241795
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Deposit Notes: Bank of Montreal Sentry Select Canadian Income Deposit Notes and Bank of Montreal Sentry Select R.O.C. Canadian Income Deposit Notes (collectively, the “Deposit Notes”) are deposit notes, issued by Bank of Montreal. The performance of the Deposit Notes is linked to the appreciation of a basket comprised of (i) an income trust portfolio managed by Sandy McIntyre, Senior Vice-President and Chief Investment Officer, Sentry Select ("Income Portfolio"), and (ii) a notional bond portfolio (collectively, the “Basket”). The Income Portfolio is designed primarily to replicate the performance of Sentry Select Canadian Income Fund, as set out in the Information Statement.

Future distributions: Bank of Montreal will pay to each holder distributions in an amount equal to 75% of all distributions, if any, received on the Income Portfolio component of the Basket. The allocation of the Income Portfolio to the Basket may be more or less than 100% and distributions paid in respect of the Income Portfolio will fluctuate from month to month. There is no guarantee that the investment manager or the individual income funds will be able to maintain their levels of distribution or that the Income Portfolio will make any distribution.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $5.5 billion in gross assets as of September 30, 2008. The company offers a diverse range of investment products including closed-end trusts, mutual funds, hedge funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

More information
Investor Services (broker/investor and media inquiries)
Tel: 1-888-739-4623
Fax: 416-364-1197
Email: info@sentryselect.com

Disclosure of how variable interest (if any) on the Deposit Notes is calculated is contained in the related Information Statement. This release is issued for information purposes only and does not constitute an offer to sell or a solicitation to purchase the Deposit Notes. The prices, value and/or income the Deposit Notes produce may fluctuate and/or be adversely affected by a number of factors. The distributions on the units in the Income Portfolio will directly impact the amount of principal repaid in the case of the R.O.C. Canadian Income Deposit Notes, and interest paid, in the case of the Canadian Income Deposit Notes, in any year prior to maturity. The fluctuation of the value of the Income Portfolio will directly impact the return, if any, on the Deposit Notes at maturity. In addition, the return payable at maturity on the R.O.C. Deposit Notes, if any, will be reduced by a percentage of the amounts you receive prior to maturity pursuant to a formula set out in the related Information Statement.


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).