Toronto: Sentry Select Capital Corp. announces changes to distribution amounts for Alliance Split Income Trust, Diversified Income Trust II, Multi Select Income Trust, Sentry Select Commodities Income Trust, Sentry Select Focused Growth & Income Trust, Select 50 S-1 Income Trust, and Select 50 S-1 Income Trust II.
Distribution Reductions: Alliance Split Income Trust Capital Units, Diversified Income Trust II and Multi Select Income Trust Capital Units decreased their monthly distributions from $0.1125 per unit to $0.0825 per unit, from $0.09 per unit to $0.08 per unit, and from $0.075 per unit to $0.07 per unit respectively.
In 2005 these Trusts experienced significant annual redemptions that reduced the assets of the Trusts and triggered capital gains. The taxable capital gains were declared to unitholders in December 2005, further reducing the assets of the Trusts. Subsequently, the per unit cost of operating the Trusts has increased, reducing the income available for distribution to unitholders.
Performance as at December 31, 2005:
Alliance Split Income Trust
1 year 2 year 3 year Since Inception (April 30, 2004)
48.4% n/a n/a 47.5%
Diversified Income Trust II
1 year 2 year 3 year Since Inception (November 15, 2002)
33.8% 36.0% 31.6% 31.1%
Multi Select Income Trust
1 year 2 year 3 year Since Inception (September 16, 2004)
36.7% n/a n/a 41.4%
Distribution Increases: Sentry Select Commodities Income Trust, Sentry Select Focused Growth & Income Trust, Select 50 S-1 Income Trust, and Select 50 S-1 Income Trust II have increased their monthly distributions from $0.05625 per unit to $0.06 per unit, from $0.0625 per unit to $0.065 per unit, from $0.0675 per unit to $0.08 per unit, and from $0.06 per unit to $0.079 per unit respectively.
Future Distributions: Distributions are based upon the current make-up of each individual trust’s portfolio and the indicated distribution policies of the income funds in the portfolios. If the make-up of the portfolios changes or if such income funds make distributions other than in accordance with their indicated policies, the distributions could change.
Web Site: To find out more about each trust, including portfolio holdings, net asset values and investment objectives, go to www.sentryselect.com.
Sentry Select Capital Corp.: Sentry Select Capital Corp. provides investment, administrative and marketing services to 22 exchange-listed closed-end funds, 11 mutual funds, 8 principal protected notes and 4 limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of December 31, 2005, the firm had approximately 8 billion in gross assets under management.
More Information: Investor Services (broker/investor inquiries), Brian McOstrich (Media inquiries), or Katherine Pawling (Corporate Secretary)
Tel: 1-888-246-6656 Fax: 416-364-1197 email@example.com www.sentryselect.com
The indicated rates of return are the historical annualized total returns at market, including the reinvestment of distributions. Past performance may not be repeated.
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).