TORONTO, ONTARIO--(Marketwired - June 13, 2014) - Sentry Investments Inc. ("Sentry") is pleased to introduce three important enhancements to Sentry's mutual fund family:
These enhancements are designed to provide investors in Sentry's mutual fund family with new options and additional flexibility. "We are always looking for ways to improve our fund family and make it more attractive to Canadian advisors and investors. I'm particularly excited about the launch of our preferred pricing series as it allows investors to benefit from reduced management fees when making large investments in our funds," said Sean Driscoll, Chief Executive Officer, Sentry Investments.
Launch of Sentry Preferred Pricing
Sentry is now offering advisors and investors a new pricing option: Sentry Preferred Pricing. The new pricing series – Series P and Series PF securities – are now available across all Sentry funds for purchase by eligible investors who meet the minimum investment amount of $100,000. Investors in the new preferred pricing series receive tiered-management-fee discounts, which can help their investments grow more quickly over time.
Sentry Small/Mid Cap Income Class added to corporate class line-up
Sentry is also continuing to enhance its corporate class line-up with the addition of Sentry Small/Mid Cap Income Class. Since inception in 2005, Sentry Small/Mid Cap Income Fund has been one of Sentry's strongest and most consistent performers. The addition of a class version of the fund provides investors with more choice and makes Sentry's corporate class line-up that much stronger.
The new Class will join Sentry Canadian Income Class, Sentry Canadian Resource Class, Sentry Conservative Balanced Income Class, Sentry Diversified Equity Class, Sentry Global Growth and Income Class, Sentry Money Market Class, Sentry Precious Metals Growth Class, Sentry REIT Class and Sentry U.S. Growth and Income Class. The corporate class structure provides greater tax efficiency for non-registered accounts by deferring capital gains tax on investment switches – moving from one corporate class fund to another – and by minimizing the taxation of annual distributions.
In an effort to provide optimal flexibility and choice, Sentry now offers investors additional distribution options. Previously, investors could elect to receive monthly distributions, where applicable, in cash or reinvest them in the relevant fund. Now, a third option has been added: the ability to reinvest a portion of the distribution (either a percentage or a dollar amount per security) and have the remainder paid in cash. Investors also have the choice of reinvesting all or a portion of their distribution in the same fund, or another Sentry fund.
Sentry Investments was founded in 1997 and is one of Canada's fastest-growing independent asset management companies. Sentry manages over $14 billion in assets on behalf of more than 400,000 Canadian investors. The company offers a diverse range of award-winning investment products available through financial advisors, including domestic and global mutual funds, and separately managed accounts. Sentry is one of only three firms to receive five consecutive Brendan Wood International Canadian TopGun Investment Team Awards (2009 to 2013).
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
For additional information on Sentry's new Preferred Pricing Series, Sentry Small/Mid Cap Income Class, or the other fund attributes, please refer to the Sentry Group of Funds simplified prospectus dated June 6, 2014, as found on our website at www.sentry.ca or on SEDAR at www.sedar.com.
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, including but not limited to, the actual tax efficiencies attributable to the corporate class structure. 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 Sentry Group of Funds, please visit their profiles at www.sedar.com.
|Sentry Investments Inc.|
|Commerce Court West|
|199 Bay Street, Suite 2700|
|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).