Sentry Select Diversified Income Trust (TSX: SDT.UN) announces special distribution of $0.07 per unit and announces target monthly distributions for 2007
TORONTO: Sentry Select Capital Corp. is pleased to announce that Sentry Select Diversified Income Trust (the “Trust”) will make a special distribution of $0.07 per unit to unitholders of record at the close of business (Toronto time) on December 29, 2006. The distribution will be payable on January 8, 2007.Sentry Select Capital Corp. is also pleased to announce that the Trust’s target monthly distribution for 2007 is $0.045 per unit (for an annual distribution of $0.54 per unit). Based on the December 4, 2006 closing price of $4.73, this represents a yield of 11.42%. Based on the last reported net asset value of the Trust of $5.26, this represents a yield of 10.27%.
Special Distributions: Throughout the year, the Trust realized capital gains from the sale of securities. The Trust must distribute net income and net realized capital gains to unitholders. The special distribution announced today was based on the Manager’s estimate of the required distribution to ensure that the Trust is not taxable for 2006 and may include a component of return of capital.
Future distributions: The 2007 target monthly distributions are based upon the current make-up of the Trust’s portfolio and the indicated distribution policies of the income funds in the portfolio. If the make-up of the portfolio changes or if such income funds make distributions other than in accordance with their indicated policies, the actual monthly distributions could change.
Sentry Select Diversified Income Trust: Sentry Select Diversified Income Trust is a closed-end trust that aims to maximize distributions to unitholders by investing primarily in a broad range of royalty and income trusts, real estate investment trusts and other high-yielding securities.
Distribution reinvestment plan: The Trust offers a distribution reinvestment plan whereby residents of Canada may elect to have their cash distributions reinvested in additional units of the Trust.
Website: To find out more about the Trust, including portfolio holdings, net asset values and investment objectives, please go to www.sentryselect.com.
Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of November 30, 2006, the firm had approximately $8 billion in gross assets under management.
More information: Investor Services (broker/investor inquiries) or Kinga Lam (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).