Toronto/Calgary - Strategic Energy Management Corp. announces that Strategic Energy Fundfs cash distribution for January is C$0.06 per unit. The distribution details are:
Based on the closing price of $11.24 per unit on the Toronto Stock Exchange as at January 7, 2005, the distribution would represent an annualized yield of 6.41%.
Strategic Energy Fund - Strategic Energy Fund is an investment trust that seeks to provide investors with superior rates of return through a diversified portfolio of investments in the Canadian energy sector. The Fund invests in securities of oil and gas royalty and income trusts to provide income to make monthly cash distributions to Unitholders. These distributions are presently targeted to be $0.72 per unit per year. The Fund also invests in start-up and early stage energy companies with a focus on those that have strong, experienced management teams with proven track records of enhancing shareholder value and successfully executing exit strategies. The Fund will also invest in energy issuers where the portfolio manager believes the potential for capital appreciation exists.
Trading information and Net Asset Value - Strategic Energy Fund units trade on the Toronto Stock Exchange under the symbol SEF.UN.The Fund's Net Asset Value as at January 5, 2005 was $12.73 per unit.
Future distributions - The Manager expects to pay monthly distributions of $0.06 per unit through the year 2005. However, if the make-up of the portfolio changes or if such portfolio holdings make distributions other than in accordance with their indicated guidance, distributions may differ.
Sentry Select Capital Corp. - The Investment Adviser is Sentry Select Capital Corp. Sentry Select is a wealth management company with total assets under management of approximately $4.0 billion, including more than $800 million in energy-sector-related investments.
Forward looking statements - This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Trust, including the potential for future distributions. When used in this news release, the words "in the future" and "believe" and the use of the future tense generally identify forward-looking statements. These statements reflect Sentry Select's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.
More Information - Investor Services for broker/investor inquiries or Brian McOstrich for media inquiries. Tel: 1-888-246-6656 Fax: 416-364-1197 firstname.lastname@example.org www.sentryselect.com
Les documents (y compris les communiqués de presse) se rapportant aux divers fonds d'investissement pour lesquels Sentry agit à titre de gestionnaire ou de conseiller ne sont fournis qu'à titre informatif. Ces documents ne peuvent être considérés comme étant exhaustifs ou exempts d'erreur sans un examen approfondi de la totalité des documents se rapportant à un fonds d'investissement en particulier disponibles sur SEDAR (www.sedar.com).