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Sentry Select Diversified Income Trust (TSX: SDT.UN) announces name change to Sentry Select Diversified Income Fund

TORONTO: Sentry Select Capital Inc. (“Sentry Select” or the “Manager”) announces that Sentry Select Diversified Income Trust has been renamed Sentry Select Diversified Income Fund (the “Fund”). The Fund’s units are expected to begin trading under the new name on January 8, 2009. The Fund’s units will continue to trade on the TSX under the symbol SDT.UN.

The Manager believes the new name more accurately reflects the broad mandate under which the Fund operates. Since October 2006, when the federal government announced its Tax Fairness Plan, the Manager has steadily increased the Fund’s holdings of dividend-paying equities. As of September 30, 2008, the Fund’s investment portfolio held 19.18% of its net assets in equities with the remainder of the portfolio primarily comprised of income trust securities.

Sentry Select Diversified Income Fund: Sentry Select Diversified Income Fund is a closed-end investment trust that aims to maximize distributions to unitholders by investing primarily in high-income securities issued by a broad range of royalty and income trusts, real estate investment trusts, and limited partnerships and, to a lesser extent, fixed-income securities and high-yielding common stocks.

Sentry Select Capital Inc.: Sentry Select 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.

More information: Investor Services (broker/investor inquiries and media inquiries)Tel: 1-888-730-4623Fax: 416-364-1197Email:

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, including the anticipated holdings of the Fund. 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.

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 (