TORONTO, ONTARIO--(Marketwire - March 14, 2013) - The Board of Directors (the "Board") of Sentry Select Primary Metals Corp. (TSX:PME) (the "Corporation") announces that it has reviewed the Corporation's distribution payout in the context of the current environment for gold mining equities. The Corporation's manager, Sentry Investments Inc. (the "Manager"), has provided the Board a detailed review of the Corporation's portfolio along with the Manager's view on the fundamentals for gold and gold mining equities. As a result of this review, the Board has decided to maintain the distribution at $0.09 a share per month for the foreseeable future.
It is the intention of the Board to reevaluate from time to time the Corporation's distribution in the context of portfolio return expectations and to make changes to the distribution when the Board feels such changes represent a net benefit to shareholders.
PRIMARY METALS CORP.
Sentry Select Primary Metals Corp. is designed to provide shareholders with long-term capital appreciation. The Corporation is invested in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers.
Sentry Investments was founded in 1997 and has grown to become one of Canada's largest and fastest-growing independent asset management companies. Sentry manages $10 billion in assets on behalf of more than 300,000 Canadian investors. Sentry offers a diverse range of award-winning investment products available through financial advisors, including domestic, international and income-oriented mutual funds and separately managed accounts. Sentry is one of only three firms to receive four consecutive Brendan Wood International TopGun Asset Management Team Awards (2009 to 2012).
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 Sentry or the Corporation. The forward-looking statements are not historical facts but reflect Sentry's or the Corporation'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 Sentry and the Corporation believe 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. Sentry and the Corporation 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 Corporation, please visit its profile at www.sedar.com.
|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).