TORONTO: Sentry Select Capital Inc (“Sentry”), the manager of Precious Metals and Mining Trust (the “Trust”), announces that unitholders who redeemed their units of the Trust (the “Units”) effective September 30, 2010, will receive the redemption amount determined in accordance with clause (ii) of the definition of Net Realized Proceeds Per Unit set out in the Trust’s Amended and Restated Declaration of Trust, dated March 11, 2009 (the “Declaration of Trust”), as Sentry determined that it was not practicable to make the dispositions described in clause (i) of that definition. As a result, unitholders who tendered Units will receive the Redeeming Percentage of the Trust’s Net Asset Value on the Redemption Date, less any applicable costs that Sentry believes would have resulted from the dispositions described in clause (i).
Precious Metals and Mining Trust: The Trust is a closed-end investment trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of mining issuers listed on a North American stock exchange. The Units trade on the Toronto Stock Exchange under the symbol MMP.UN.
Sentry Investments: Sentry Investments is a Canadian asset management company that offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships, closed-end trusts and other alternative investments, covering a variety of domestic and global mandates.
Any capitalized terms used but not defined herein are as defined in the Declaration of Trust.
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).