TORONTO, ONTARIO--(Marketwire - July 23, 2010) - Sentry Investments ("Sentry" or the "Manager") is pleased to announce that it is filing an amendment to the Sentry Group of Funds' Simplified Prospectus and the Annual Information Form, each dated May 28, 2010, in respect of Sentry Infrastructure Fund ("Infrastructure Fund"), Sentry Tactical Bond Fund ("Tactical Bond Fund") and Sentry Tactical Bond Capital Yield Class ("Tactical Bond Capital Yield Class") (collectively, the "Funds" and each, a "Fund") to reflect changes to the investment strategies of the Funds.
Amendments to the investment strategies of the Funds
The Manager is amending the current investment strategies of Infrastructure Fund to allow for investments in structured products, either public or private, that hold infrastructure-related securities.
The Manager is also amending the current investment strategies of Tactical Bond Fund and Tactical Bond Capital Yield Class to allow them to invest up to all of their assets in foreign fixed-income securities and to invest up to 20% of their assets in Canadian or foreign equity securities.
The Manager believes that these amendments will provide the Funds with increased flexibility in achieving their respective investment objectives.
Sentry Infrastructure Fund
Sentry Infrastructure Fund is an open-end mutual fund with approximately $35.3 million in net assets as at July 22, 2010. The investment objective of the Fund is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.
Sentry Tactical Bond Fund
Sentry Tactical Bond Fund is an open-end mutual fund with approximately $8.1 million in net assets as at July 22, 2010. The Fund's investment objective is to invest primarily in North American and/or international corporate, government and other bonds and other debt instruments.
Sentry Tactical Bond Capital Yield Class
Sentry Tactical Bond Capital Yield Class is an open-end mutual fund with approximately $2.9 million in net assets as at July 22, 2010. The Fund's investment objective is to provide a return that is similar to the return of Tactical Bond Fund, or another North American and/or international bond fund managed by the Manager, that invests primarily in North American and/or international corporate, government and other bonds and other debt instruments.
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.
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. The forward-looking statements are not historical facts but reflect 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 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. Sentry undertakes 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 Funds, please visit the Funds' profile at www.sedar.com.
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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).