Toronto/Calgary-Strategic Energy Management Corp. is pleased to announce that Strategic Energy Fund (the "Fund") has filed a final prospectus across Canada, qualifying units (the "Units") of the Fund (the "Offering") which prospective purchasers can acquire for cash or in exchange for units or shares ("Eligible Securities") of 88 Exchange Eligible Issuers (the "Issuers") pursuant to the Exchange Option. The prospectus qualifies up to 10,668,259 Units at an offering price of $14.0604 for maximum gross offering proceeds of $150,000,000.
Exchange Option - The Exchange Option was open for acceptance by holders of Eligible Securities of the 88 Issuers until 4:00 PM (Toronto time) on August 25, 2005.
Cash Option - Prospective purchasers may still acquire units of the Fund for cash until September 12, 2005.
Strategic Energy Fund - Strategic Energy Fund is an investment trust that seeks to provide Unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies as well as early-stage energy companies and to a lesser extent special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation. NAV - The Fundfs Net Asset Value at the close of business on August 26, 2005 was $14.79 per Unit.
Sentry Select Capital Corp. - The Investment Advisor is Sentry Select Capital Corp., which is a wealth management company with gross assets under management in excess of $7 billion, including more than $1.4 billion in energy sector-related investments.
Closing - This offering is expected to close on or about September 13, 2005.
Agents-The syndicate for the Offering is co-led by First Associates Investments Inc. and Canaccord Capital Corporation and also includes HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Desjardins Securities Inc., Dundee Securities Corporation, Wellington West Capital Inc., GMP Securities Ltd., Industrial Alliance Securities Inc., IPC Securities Corporation, Jory Capital Inc., Research Capital Corporation, Rothenberg Capital Management Inc. and Octagon Capital Corporation.
More Information - Investor Services for broker/investor inquiries or Brian McOstrich for media inquiries. Tel: 1-888-246-6656 Fax: 416-364-1197 email@example.com 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).