TORONTO, ONTARIO--(Marketwire - March 22, 2012) - Sentry Select Primary Metals Corp. (TSX:PME) (the "Company") is pleased to announce that a preliminary short form prospectus in connection with a treasury offering (the "Offering") of shares (the "Shares") has been filed with, and the receipt issued by, the securities commissions and regulatory authorities in each of the provinces and territories of Canada. The Offering will be priced at not less than the most recently calculated net asset value per Share prior to the date of the final short form prospectus plus the per Share estimated fees and expenses of the Offering.
Annual Redemption Fee
The Company is also pleased to announce that Sentry Investments Inc. ("Sentry"), the Company's investment manager, has agreed to irrevocably waive the applicable annual redemption fee associated with the redemption of Shares in respect of the Company's annual redemption, effective immediately. Prior to this announcement, shareholders of the Company wishing to redeem their Shares through the Company's annual redemption would have been subject to an annual redemption fee amounting to 3% of gross redemption proceeds in 2012, 2% in 2013, 1% in 2014 and 0% thereafter.
Sentry Select Primary Metals Corp.
The Company provides investors with an opportunity to invest in an actively managed portfolio consisting primarily of securities of issuers that are engaged in the production and/or exploration of metal and minerals, with a current focus on gold issuers.
The syndicate of agents, led by CIBC World Markets Inc., and co-led by RBC Capital Markets, includes Canaccord Genuity Corp., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Raymond James Ltd., GMP Securities L.P., Macquarie Private Wealth Inc., Desjardins Securities Inc., Dundee Securities Ltd., HSBC Securities (Canada) Inc., Manulife Securities Incorporated, Mackie Research Capital Corporation (the "Agents").
Sentry Investments is a Canadian asset management company with approximately $7 billion in assets under management on behalf of Canadian investors. Sentry Investments offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry Investments was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "intend," "will" and similar expressions to the extent they relate to the Company and/or Sentry. The forward-looking statements are not historical facts but reflect the Company's and/or Sentry's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company and/or Sentry believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company and/or Sentry undertake no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. For a complete disclosure record of the Company, please visit its profile at www.sedar.com.
A preliminary short-form prospectus dated March 21, 2012 containing important information relating to these securities has been filed with the securities commissions or similar authorities in all of the provinces and territories of Canada. The preliminary short-form prospectus is still subject to completion or amendment. Copies of the preliminary short-form prospectus may be obtained from the Agents or is available electronically at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
|Sentry Investments Inc.|
|Commerce Court West|
|199 Bay Street, Suite 4100|
|P.O. Box 108|
|Toronto, ON M5L 1E2|
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).