TORONTO: Sentry Select Capital Inc. (“Sentry Select”) is pleased to announce that Sentry Select Corporate Class Ltd. (the “Corporation”) has acquired all of the assets of NCE Diversified Flow-Through (07) Limited Partnership (the “(07) Partnership”) and NCE Diversified Flow-Through (07-2) Limited Partnership (the “(07-2) Partnership,” collectively the “Partnerships”). The total value of the assets at the time of the acquisition was $75,385,221.
Mutual fund share value of the (07) Partnership: In exchange for the (07) Partnership’s assets, the (07) Partnership received an aggregate of 2,779,192 Series A shares of Sentry Select Canadian Resource Class (the “Fund”) at a net asset value of $21.79 per share in the capital of the Corporation.
Mutual fund share value of the (07-2) Partnership: In exchange for the (07-2) Partnership’s assets, the (07-2) Partnership received an aggregate of 681,140 Series A shares of the Fund at a net asset value of $21.79 per share in the capital of the Corporation.
Net asset value of the Partnerships: As of February 9, 2009, the net asset value of (07) Limited Partnership was $7.6362 per unit and the net asset value of (07-2) Limited Partnership was $7.4195 per unit.
Distribution of mutual fund shares: Following the transfer of the Partnerships’ assets in exchange for Series A shares of the Fund, on February 9, 2009, each Partnership distributed all of the Series A shares to its respective limited partners in proportion to their interest in the Partnership. The former limited partners are now shareholders of the Corporation. The Series A shares are redeemable on a daily basis at the Fund’s net asset value and can be converted into shares of other corporate classes as described below.
Notice to limited partners: A notice of the transfer of each Partnership’s assets to the Corporation for Series A shares of the Fund and the subsequent dissolution of each of the Partnerships, dated January 7, 2009, was mailed to the limited partners of each Partnership.
NCE Diversified Flow-Through (09) Limited Partnership: A final prospectus, dated January 20, 2009, for NCE Diversified Flow-Through (09) Limited Partnership has been filed with the securities commissions and regulatory authorities in each of the provinces and territories of Canada, and the closing is expected to occur on or about February 26, 2009. It is anticipated that the assets of this limited partnership will also in due course be acquired by the Fund, as described in the prospectus of the limited partnership.
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