TORONTO: On December 2, 2004, Sentry Select Capital Corp. (the “Manager”) announced that Sentry Select Focused Growth & Income Trust (“ the Fund") had changed the method by which the annual unit redemption price of its trust units will be calculated. Weighted average trading price: In order to calculate the unit redemption price to be paid to a Fund's unitholder in respect of an annual redemption, the Fund is entitled to value securities in its portfolio which are listed or traded on a stock exchange by taking the volume weighted average trading price of the securities during the three trading days ending on, and including, the applicable date of the annual redemption. Annual redemption date: Sentry Select Focused Growth & Income Trust’s annual redemption date is January 31, 2005. The Fund intends to calculate its unit redemption price in this manner in respect of its annual redemption date.
NAV on annual redemption date: In recent months, some closed-end funds have experienced unusual short-term increases in the values of certain of their portfolio securities, which have had the effect of temporarily increasing the net asset value of their units on their annual redemption date. These unusual increases may have been caused by short-term trading by speculative investors. The methodology described above for calculating the unit redemption price for the Fund is intended to maintain a fair unit redemption price for the unitholders of the Fund who redeem their units, while minimizing the likelihood that long-term unitholders of the Fund will be adversely affected by short-term aberrations in the values of portfolio securities held by the Fund.
The manager of the Fund believes that the foregoing will provide added protection to the unitholders of the Fund and is also consistent with the current practice of other closed-end funds in valuing portfolio securities.
The Manager: Sentry Select is a wealth management company with total assets under management of approximately $4 billion.
It is the manager or portfolio manager of:
• Sentry Select Diversified Income Trust (TSX:SDT.UN); • Diversified Income Trust II (TSX:DTT.UN); • Select 50 S-1 Income Trust (TSX:SON.UN); • Select 50 S-1 Income Trust II (TSX:SDE.UN); • Pro-Vest Growth & Income Fund (TSX:PRG.UN); • Sentry Select Focused Growth & Income Trust (TSX:SFG.UN); • COmmercial and INdustrial Securities Income Trust “COINS” (TSX: COI.UN); • Sentry Select Principal-Protected Blue Chip Notes™; • MBS Adjustable Rate Income Fund (TSX:MTF.UN); • Multi Select Income Trust (TSX:MST.UN, MST.PR.A); • Alliance Split Income Trust (TSX:ASI.PR.A, TSX:ASI.UN); • Strategic Energy Fund (TSX:SEF.UN); • Mortgage-Backed Securities Trust (TSX:MF.UN; TSX:MF.U); • Sentry Select Blue-Chip Income Trust (TSX:SIT.UN); • Sentry Select Global Index Income Trust (TSX:SGT.UN); • CAPVEST Income Corp. (TSX-V:CVS); • Four flow-through investment funds; and • Eight mutual funds that focus on a broad range of sectors of the economy; and
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).