TORONTO: C.A. Bancorp Inc. is pleased to announce that Sentry Select Total Strategy Fund (the “Trust”) has closed its initial public offering.
Gross proceeds: At the closing, the Trust issued 5,000,000 units for total gross proceeds of $50,000,000. The agents have been granted an over-allotment option to purchase up to 549,833 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 TSF.UN.
Investment objectives: The Trust’s investment objective is to maximize the total return to unitholders. At least 75% of the assets of the Trust will generally be invested in a diversified portfolio of primarily Canadian equity and equity-related securities, including income trusts. Up to 25% of the Trust’s assets will be invested in private equity and equity-related securities of Canadian small and middle-market private and public companies.
Manager: C.A. Bancorp Inc. is the manager of the Trust. C.A. Bancorp Inc., a Toronto-based merchant bank, is involved in a range of transactions with both private and public companies across a broad range of industries in Canada. C.A. Bancorp conducts its business through three areas of focus: direct investing; fund management for the institutional, high-net-worth and retail markets; and financial services. The company trades on the TSX Venture Exchange, under the symbol BKP.
Investment manager: Sentry Select Capital Corp. has been retained to provide investment management services to the Trust. Sentry Select Capital Corp. provides investment, administrative and marketing services to 32 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 16 mutual funds, 15 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 July 31, 2006, the firm had approximately $8.5 billion in gross assets under management.
Agents: A syndicate of agents co-led by RBC Capital Markets and CIBC World Markets Inc., included BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, Berkshire Securities Inc., IPC Securities Corporation, Research Capital Corporation and Wellington West Capital Inc.
More information: Mark Gardhouse, President, C.A. Bancorp Inc. Tel: 1-866-388-5985 Fax: 416-364-2398 firstname.lastname@example.org www.cabancorp.com Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330 email@example.com www.sentryselect.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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).