TORONTO: Sentry Select Capital Inc. (“Sentry Select” or the “Manager”) announces that in order to more closely align Sentry Select Money Market Fund (the “Money Market Fund”) and Sentry Select Money Market Class (the “Money Market Class”) (the Money Market Fund and Money Market Class, collectively, the “Funds”) with industry standards, the Manager will make the following changes to the Funds effective on or about June 7, 2010:
To ensure that the Funds’ returns were not negative during the current low-interest-rate environment, the Manager has been absorbing expenses and waiving a portion of its management fees. The Manager is currently committed to continue absorbing expenses and waiving management fees, as necessary, to attempt to maintain a daily net asset value per security of $10.
Additionally, on or about June 7, 2010, the Manager will suspend the service fees it has been paying to dealers that have investors who hold securities of the Funds.
The Manager may at any time, without prior notice, cease absorbing expenses and waiving a portion of its management fee, or reinstate payment of a service fee to dealers in respect of the Funds, all in accordance with the terms set out in the Funds’ simplified prospectus.
Sentry Select Money Market Fund/Class: Sentry Select Money Market Fund is an open-end mutual fund with approximately $57.1 million in net assets as at May 6, 2010. The investment objective of the Money Market Fund is to maximize short-term income and preserve capital by investing in high-quality, short-term debt instruments.
Sentry Select Money Market Class is an open-end mutual fund with approximately $5.9 million in net assets as at May 6, 2010. The investment objective of the Money Market Class is to maximize short-term income and preserve capital by investing substantially all of its assets in securities of Money Market Fund.
Sentry Select Capital Inc.: Sentry Select Capital Inc. is a Canadian wealth management company that offers a diverse range of investment products including mutual funds, closed-end investment funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.
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).