TORONTO: Sentry Investments (“Sentry” or the “Manager”) is pleased to announce that it has filed with, and received a receipt from, the securities commissions and regulatory authorities in each of the provinces and territories of Canada, an amendment to the Sentry Group of Funds’ Simplified Prospectus and the Annual Information Form, each dated May 28, 2010, in respect of Sentry Canadian Income Fund (“Canadian Income Fund”), Sentry Canadian Income Class (“Canadian Income Class”), Sentry Diversified Income Fund (“Diversified Income Fund”) and Sentry Conservative Income Fund (“Conservative Income Fund”) (collectively, the “Funds” and each, a “Fund”). These amendments reflect (a) changes to the investment strategies of Canadian Income Fund, Canadian Income Class and Diversified Income Fund; and (b) a change in the name of Conservative Income Fund.
Amendments to investment strategies for Sentry Canadian Income Fund and Diversified Income Fund: The Manager is amending the current investment strategies of Canadian Income Fund, Canadian Income Class and Diversified Income Fund to allow each fund to invest in foreign securities in an amount not exceeding approximately 30% of their assets. Prior to this change, the Canadian Income Fund and the Canadian Income Class had the ability to invest up to 15% of their assets in foreign securities, and the Diversified Income Fund had the ability to invest up to 25% of its assets in foreign securities.
The Manager believes that these amendments will provide the Funds with increased flexibility in achieving their respective investment objectives without impacting their risk ranking.
Amendment to the name of Sentry Conservative Income Fund: Commencing immediately, the name of the Conservative Income Fund will be changed to “Sentry Conservative Balanced Income Fund.” The Manager believes that this name change more accurately reflects the investment objective of the Fund.
Sentry Canadian Income Fund: Sentry Canadian Income Fund is an open-end mutual fund with approximately $1.1 billion in assets as at January 19, 2011. The Fund was awarded a 2010 Canadian Lipper Award for the best risk-adjusted performance over five years in the Canadian income trust equity category. The fund was also awarded the 2005 Canadian Income Trust Fund of the Year Award, and was a finalist for the award in 2006, 2007 and 2008. The investment objective of the Fund 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 and income trusts.
Sentry Canadian Income Class: Sentry Canadian Income Class is an open-end mutual fund with approximately $103.1 million in assets as at January 19, 2011. The Fund’s investment objective is to provide long-term returns by investing substantially all of its assets in securities of Canadian Income Fund.
Sentry Diversified Income Fund: Sentry Diversified Income Fund is an open-end mutual fund with approximately $626.0 million in assets as at January 19, 2011. The Fund’s investment objective is to provide 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 and royalty and income trusts.
Sentry Conservative Income Fund: Sentry Conservative Income Fund is an open-end mutual fund with approximately $56.4 million in assets as at January 19, 2011. The Fund’s investment objective is to provide investors with stable income and long-term capital appreciation by investing in a conservative diversified portfolio of fixed-income and income-oriented equity securities.
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.
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