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Global DiSCS Trust 2004-1 (TSX: DST.UN) announces The Rouse Company credit event settlement

TORONTO: Global DiSCS Trust 2004-1 (the “Trust”) announces that the final recovery amount of The Rouse Company (the “Company”) Credit Event is 62.76667%. The Bankruptcy Credit Event will not result in any reduction in collateral or an investor’s capital amount.

Credit event: On March 25, 2009, the Trust was notified of a Credit Event in respect of The Rouse Company. The exposure of the Trust’s unitholders to the Company is 1.00% of the Reference Portfolio.

Following The Rouse Company Bankruptcy Credit Event, the Trust’s remaining synthetic first-loss tranche protection is 3.153% of the Reference Portfolio, pending the settlement of the Idearc Inc. Credit Event, which the Trust announced on April 3, 2009. The initial 4.10% first-loss tranche was reduced to 3.508% as a result the 2006 Delphi Corporation, the 2008 Quebecor World Inc., and the 2008 Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Credit Events.

Unitholders’ entitlement to receive $25 per Trust unit on December 20, 2009 (the “Maturity Date”) and quarterly distributions of $0.325 per unit will not be affected by this Bankruptcy Credit Event. However, if the future Cumulative Net Loss Amounts resulting from Credit Events exceed 3.153%, the Trust’s unitholders will receive less than the original subscription price of $25 per Trust unit upon the Maturity Date.

Trading information and NAV: The units of Global DiSCS Trust 2004-1 are listed for trading on the Toronto Stock Exchange under the symbol DST.UN. As of June 30, 2009, the net asset value of the Trust was $20.58 per unit.

Sentry Select Capital Corp.: Sentry Select Capital Corp. (“Sentry Select”) is a Canadian wealth management company that manages 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 and media inquiries)Tel: 1-888-730-4623Fax: 416-364-1197Email:

All capitalized terms used herein, but not defined are as per the Trust’s 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. 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 timing associated with the payment of quarterly distributions or the principal amount per unit. 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.

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