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Strategic Energy Management Corp. and Sentry Select Capital Inc. announce completion of the conversion of Strategic Energy Fund to a mutual fund

TORONTO: Strategic Energy Management Corp. (“SEMC”) and Sentry Select Capital Inc. (“Sentry Select”) are pleased to announce the completion of the conversion of Strategic Energy Fund (the “Fund”) from a closed-end investment trust to an open-ended mutual fund. On February 24, 2009, the securities of private issuers held within the Fund’s portfolio and $3,000,000 cash were transferred to SEF Private Issuers Trust (the “New Fund”), a closed-end investment fund, in exchange for 22,884,019 units of the New Fund, which were distributed to the unitholders of the Fund by way of return of capital on the basis of one unit of the New Fund for every trust unit of the Fund held, and the assumption by the New Fund of certain indemnification obligations of the Fund. The name of the Fund was changed to Sentry Select Energy Income Fund (the “Mutual Fund”). At the time of conversion, the New Fund and the Mutual Fund had net asset values of $0.52 per unit and $4.79 per unit, respectively.

In connection with the conversion, SEMC resigned as manager of the Fund and Sentry Select was appointed manager of the Mutual Fund. Sentry Select is also the manager of the New Fund.

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

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 (