TORONTO: Sentry Select Capital Inc. (“Sentry Select”) is pleased to announce the completion of the conversion of Sentry Select Lazard Global Listed Infrastructure Fund (the “Fund”) from a closed-end investment trust to an open-end mutual fund. Units of the Fund will be converted into Series X units of the open-end fund having the same Net Asset Value (“NAV”) per unit. Units of the Fund are redeemable on a daily basis at NAV per unit. Lazard Asset Management will continue to act as the sub-advisor for the Fund.
As of April 1, 2009 the NAV per unit of the Fund was $4.34. The Fund intends to continue paying a quarterly distribution of $0.125 per unit representing an annualized yield of 11.52% as of April 1, 2009.
It is Sentry Select’s current intention to qualify additional Series’ of units of the Fund for sale to investors no later than June 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.
Lazard Asset Management: Lazard is a global fund manager founded in 1848, with operations in 29 cities across 16 countries in Europe, North America, Asia, Australia and South America. They have over 265 investment professionals - with research analysts in the US, Australia, Japan, Korea, the UK and Germany - managing over US$100 billion in assets, including over US$200 million invested in infrastructure.
More information: Investor Services (broker/investor inquiries)Tel: 1-888-730-4623Fax: 416-364-1197Email: firstname.lastname@example.org
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, but not limited to, the ability of Sentry Select to qualify the units of the Fund for sale within the timeframe specified and the ability of Sentry Select to pay the indicated distribution on behalf 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. For a complete disclosure record of 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).