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Sentry Investments proposes investment fund mergers
2010-10-29

TORONTO: Sentry Select Capital Inc. ("Sentry" or the "Manager"), the manager of the Terminating Funds and Continuing Funds (listed in the table below), proposes that the Terminating Funds be merged (the "Mergers") into the Continuing Funds as follows:

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          Terminating Fund                         Continuing Fund          
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Sentry Select Commodities Income     -  Sentry Energy Growth and Income Fund
Trust                                  
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Oil Sands and Energy Mega-Projects   -  Sentry Energy Growth and Income Fund
Trust                                 
------------------------------------    ------------------------------------
Premier Value Income Trust           -  Sentry Canadian Income Fund         
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Special Meetings of Unitholders (the "Meetings") are expected to be held concurrently on or about January 10, 2011 to seek unitholder approval for the Mergers. A Joint Management Information Circular providing a complete description of the matters to be considered at the Meetings, as well as the rationale for the proposed Mergers, will be sent to unitholders in due course.

The proposed Mergers will be reviewed by the Independent Review Committee of each of the Terminating Funds and Continuing Funds. The proposed Mergers are also subject to regulatory approval.

Costs of the Mergers: All costs and expenses associated with the Mergers will be borne by the Manager.

Tax consequences of the Mergers: The Manager is proposing that the Mergers be effected on a taxable basis.

Investment objectives of the Continuing Funds: Sentry Energy Growth and Income Fund is an open-end mutual fund with approximately $100 million in assets as at September 30, 2010. The Fund's investment objective is to provide regular income and long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of Canadian companies involved in the energy sector.

Sentry Canadian Income Fund is an open-end mutual fund with approximately $965 million in assets as at September 30, 2010. The Fund's investment objective is to provide a consistent monthly income and capital appreciation by investing primarily in a diversified portfolio of Canadian securities including equities, fixed-income instruments, real estate investment trusts (REITs) and income trusts.

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.


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).