TORONTO: Oil Sands Split Trust (the “Trust”) announces that a contingent reserve in the amount of $1,193,026 has been created as a result of an internal review of the amount paid to holders of the Trust’s Capital Units who participated in the Trust’s 2008 special annual retraction (the “Retracting Unitholders”). Sentry Select Capital Corp., as the administrator of the Trust (the “Administrator”), is proceeding with its internal review process in order to make a determination regarding the possible entitlement of Retracting Unitholders to receive an additional payment of approximately $15.08 per Capital Unit submitted for retraction. The Administrator will issue a further press release as soon as it completes its internal review process, which is expected to occur in January 2009.
Oil Sands Split Trust: Oil Sands Split Trust offers investors both Preferred Securities and Capital Units. The Trust holds units of Canadian Oil Sands Trust in order to fund quarterly fixed-interest payments on the Trust’s Preferred Securities and to enable the holders of the Trust’s Capital Units to participate in any capital appreciation in the Canadian Oil Sands Trust units and to benefit from any increase in the distributions paid on those units.
Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that 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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