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Sentry Select Capital Inc. Announces Delisting Date for Global Real Estate Fund Class A Units

TORONTO: Sentry Select Capital Inc. (“Sentry Select”) announces that the Class A Units of Sentry Select Global Real Estate Fund (the “Fund”) will be delisted from the Toronto Stock Exchange at the close of business on or about January 20, 2010 (the “Delisting”).

As previously announced, a Special Meeting of Unitholders (the “Meeting”) has been called for Class A and Class F unitholders (the “Unitholders”) of the Sentry Select Global Real Estate Fund (the “Fund”). Sentry Select is proposing that on February 1, 2010 the Fund merge into Class A and Class F units, as applicable, of the Sentry Select REIT Fund, an open-end mutual fund managed by Sentry Select (the “Merger”). The Meeting is scheduled to take place on January 15, 2010. On December 22, 2009 a Management Information Circular containing further details of the Merger was mailed to Unitholders of record as at December 11, 2009.

If the Merger is not approved by Unitholders, the Fund will be terminated on or about February 1, 2009. A notice to this effect was sent to Unitholders on November 27, 2009.

The Delisting will occur in preparation for the Merger (if all necessary approvals are received), or alternatively, the termination of the Fund.

Both the Merger and Delisting remain subject to applicable regulatory approvals.

Sentry Select Capital Inc.: Sentry Select Capital Inc., the manager of the Fund, is a Canadian wealth management company that offers a diverse range of investment products including closed-end investment funds, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

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 the Sentry Select’s current expectations regarding future results or events including, but not limited to, the proposed timing of the Delisting and the Merger. 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. Although the 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. For a complete disclosure record of the Fund, please visit the Fund’s profile at 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 (