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Diversified Preferred Share Trust (TSX: DPS.UN) raises gross proceeds of $180,720,000 after exercise of over-allotment for $15,060,000

TORONTO: Diversified Preferred Share Trust (the “Trust”) is pleased to announce that is has issued an additional 600,000 trust units for gross proceeds of $15,060,000 pursuant to the exercise by the agents of their over-allotment option.

Gross proceeds: Including the over-allotment, the total gross proceeds of the Trust’s recent public offering are $180,720,000.

Diversified Preferred Share Trust: Diversified Preferred Share Trust is designed to provide unitholders with the opportunity to receive quarterly cash distributions by investing in an equally weighted diversified portfolio of preferred shares and preferred securities of Canadian issuers managed on a passive basis and to receive the benefits of a low management expense ratio. The Trust’s units are rated Pfd 2 (low) by Dominion Bond Rating Service Limited and trade on the Toronto Stock Exchange under the symbol DPS.UN.

Sentry Select Capital Corp.: Sentry Select Capital Corp., the administrator of the Trust provides investment, administrative and marketing services to 22 exchange-listed closed-end funds, 11 mutual funds, eight principal-protected notes and four 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 $8.5 billion in gross assets under management.

Agents: A syndicate of agents was co-led by RBC Capital Markets and CIBC World Markets Inc., and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Berkshire Securities Inc., Dundee Securities Corporation, Wellington West Capital Markets Inc., Blackmont Capital Inc., Desjardins Securities Inc., IPC Securities Corporation and Research Capital Corporation.

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

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 (