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Global DiSCS Trust 2004-1 (TSX: DST.UN) announces The Rouse Company Credit Event
2009-03-25

TORONTO: On March 25, 2009, the Calculation Agent for Global DiSCS Trust 2004-1 (the “Trust”) notified the Trust of a Credit Event in respect of The Rouse Company (the “Company”). The exposure of the Trust’s unitholders to the Company is 1.00% of the Reference Portfolio.

The Calculation Agent will carry out the valuation process in accordance with the terms of the Trust’s Declaration of Trust and this process should be completed by the end of June 2009. Global DiSCS Trust 2004-1 units benefit from the protection of a synthetic first-loss tranche currently equal to 3.508% of the Reference Portfolio. The initial 4.10% first-loss tranche was reduced as a result of the 2006 Delphi Corporation, and the 2008 Quebecor World Inc., Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Credit Events.

Unitholders’ entitlement to receive $25.00 per Trust unit on December 20, 2009 (the “Maturity Date”) and quarterly distributions of $0.325 per unit will not be affected by this Credit Event. However, if the future Cumulative Net Loss Amount resulting from Credit Events exceeds the remaining first-loss tranche, the Trust’s unitholders will receive less than the original subscription price of $25.00 per Trust unit upon the Maturity Date.

Trading information: The units of the Trust are listed for trading on the Toronto Stock Exchange under the symbol DST.UN. The latest published net asset value of the Trust, as of March 18, 2009 was $10.62 per unit.

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: info@sentryselect.com

Capitalized terms used herein but not defined have the meaning ascribed to them in the Trust’s final prospectus.

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 Capital Corp. (“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, but not limited to, the proposed timing for the completion of the valuation process noted above. 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 (www.sedar.com).