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Unitholders approve mergers of funds with Sentry Energy Growth and Income Fund and Sentry Canadian Income Fund
2011-01-10

TORONTO: Sentry Select Capital Inc. (“Sentry” or the “Manager”) is pleased to announce that the unitholders of Sentry Select Commodities Income Trust, Oil Sands and Energy Mega-Projects Trust and Premier Value Income Trust (collectively, the “Terminating Funds”) have voted, at special meetings held successively today, to approve the mergers of the Terminating Funds with Sentry Energy Growth and Income Fund and Sentry Canadian Income Fund (collectively, the “Continuing Funds”), (collectively, the “Mergers”) as outlined in the table below.

Terminating Fund

 

Continuing Fund

Sentry Select Commodities Income Trust

Sentry Energy Growth and Income Fund

Oil Sands and Energy Mega-Projects Trust

Sentry Energy Growth and Income Fund

Premier Value Income Trust

Sentry Canadian Income Fund


The Mergers are expected to take place on or about February 4, 2011. Those Terminating Funds currently listed on the Toronto Stock Exchange are expected to be de-listed from trading on or about January 28, 2011.

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

Tax consequences of the Mergers: The Mergers will 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 $119 million in assets as at January 7, 2011. 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 $1.1 billion in assets as at January 7, 2011. 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 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).