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Sentry Investments announces plan to simplify its mutual fund series
2016-01-13

TORONTO, ON--(Marketwired - January 13, 2016) - Following Sentry Investments Inc.'s ("Sentry's") announcement last week about management fee reductions across its mutual fund lineup and industry-leading preferred pricing, Sentry is pleased to now be able to elaborate on its plans to simplify its fund series.

Pending the required approvals, Sentry will implement the following changes in April 2016:

  • Re-designate current investors who purchased Series A and T under a back-end option (low load or deferred sales charge) into a newly created Series B and corresponding fixed-rate distribution series; this allows Sentry to replace the previously implemented fee rebates with formal management fee reductions for current investors who purchased Series A and T under the front end (ISC) option. Investors with balances over $100,000 will still receive preferred pricing rebates.
  • Re-designate Series P, PF, PT and PFT into the corresponding Series A, F, T and FT of the same fund, which now have similar preferred pricing features.

"In order to provide lower prices immediately, we implemented fee rebates for front-end Series A and T investors," said Kos Lazaridis, Vice-President, Product, Sentry Investments. "With our proposed series changes, we will be able to formally reduce those fees while also simplifying our fund series to A, B, F, O and I, along with any corresponding fixed-rate distribution series."

These series re-designations will not result in a taxable event for investors. The transitions from Series P, PF, PT and PFT to corresponding Series A, F, T and FT will be a switch transaction within the same mutual fund trust or corporate class structure. Series A and T investors in the current back-end purchase options will be part of a new series, with the same attributes and fund codes, so they will simply see a new series name on their statements.

The re-designation of investors in Sentry's mutual fund trusts will occur automatically in April upon the expiry of any applicable notice periods, while the re-designation of investors in Sentry's corporate classes requires securityholder approval. In order to seek the necessary approvals to effect these changes in April, Sentry intends to call special meetings of corporate class securityholders to be held in March.

SENTRY INVESTMENTS INC.

Sentry Investments was founded in 1997 and is one of Canada's fastest-growing independent asset management companies. Sentry manages over $18 billion in assets on behalf of more than 500,000 Canadian investors. Sentry offers a diverse range of award-winning investment products, available through financial advisors, including domestic and global mutual funds and separately managed accounts.

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.

Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 2700
P.O. Box 108
Toronto, ON M5L 1E2

Sentry Investments
Investor Relations (broker/investor inquiries)
1-888-698-5553 or 416-506-8429
1-800-406-6596 (FAX)
info@sentry.ca
www.sentry.ca


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).