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Strategic Energy Management Corp. confirms delisting date for Strategic Energy Fund (TSX: SEF.UN)
2009-01-26

TORONTO: The Board of Directors of Strategic Energy Management Corp. (the “Manager”) announces that the units of Strategic Energy Fund (the “Fund”) (TSX: SEF.UN) will be delisted from the Toronto Stock Exchange at the close of business on Wednesday, January 28, 2009.

On January 19, 2009, unitholders of the Fund approved the conversion into an open-end mutual fund (the “Conversion”) called Sentry Select Energy Income Fund (the “Mutual Fund”). Following the Fund’s Conversion, the Mutual Fund will be managed by Sentry Select Capital Inc. (“Sentry Select”), a wholly-owned subsidiary of Sentry Select Capital Corp. The Conversion is expected to be completed on or about February 6, 2009 with the Mutual Fund units becoming redeemable on a daily basis on or about February 9, 2009.

Sentry Select Capital Inc.: Sentry Select Capital Inc. 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 informaton: Investor Services (broker/investor inquiries)Tel: 1-888-730-4623Fax: 416-364-1197Email:  info@sentryselect.com

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, timing and consequences of the Conversion. Forward-looking information can often be identified by the expressions ‘‘expect’’, ‘‘intend’’, “will” and similar expressions to the extent they relate to the Manager and Sentry Select. The forward-looking statements are not historical facts but reflect the Manager’s and 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, but not limited to, the implementation of the Conversion, the receipt of any necessary regulatory approvals and other factors which are not currently known, as well as changes in the global economy, general economic and business conditions, existing governmental regulations and other market factors specific to the energy sector and the securities of energy companies. Although the Manager and Sentry Select believe 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. The Manager and Sentry Select undertake 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. For a complete disclosure record for the Fund please visit the Fund’s profile on www.sedar.com.


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).