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Sentry Select Capital Corp. closes offering for Oil Sands and Energy Mega-Projects Trust; raises $95 million

Toronto: Sentry Select Capital Corp. is pleased to announce that Oil Sands and Energy Mega-Projects Trust (the “Trust”) has closed its initial public offering.

Gross proceeds: At the closing, the Trust issued 9,500,000 units for total gross proceeds of $95,000,000. The agents have been granted an over-allotment option to purchase up to 1,425,000 units at any time during the next 30 days.

Trading information: The Trust units began trading on the Toronto Stock Exchange today under the symbol OSM.UN.

Investment objectives: The Trust will invest in an actively managed portfolio of securities of issuers that are involved in Canadian energy mega-projects, primarily in the oil sands sector, the northern gas projects, enhanced oil recovery projects and liquified natural gas facilities, including those whose businesses are directly or indirectly related to these projects including, oil and gas production, service, pipelines and infrastructure, construction and real estate.

The Trust’s investment objectives are to provide unitholders with:1. long-term capital appreciation, and 2. monthly cash distributions.

Sentry Select Capital Corp.: Sentry Select Capital Corp. provides investment, administrative and marketing services to 23 exchange-listed closed-end funds, 17 of which have exposure to the income trust sector, 16 mutual funds, 11 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of March 31, 2006, the firm had approximately $9.0 billion in gross assets under management.

Agents: The syndicate of agents for the offering was co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. The other members of the syndicate were: 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., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, Wellington West Capital Inc., IPC Securities Corporation and Research Capital Corporation.

More information: Investor Services (broker/investor inquiries) or Brian McOstrich (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330

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 (