TORONTO: Sentry Select Capital Corp. is pleased to announce that Precious Metals and Mining Trust’s distribution for February 2007 will be increased to $0.06 per unit, up from $0.05 per unit in previous months. This is the second distribution increase since the inception of the Trust in June 2006. The distribution will be paid on March 15, 2007 to unitholders of record on February 28, 2007. The increase is a result of net realized and anticipated capital gains in the portfolio, which will be distributed to unitholders through the remainder of the year.
Current yield: The distribution of $0.06 per unit represents a current yield of 6.5% per annum based on the February 12, 2007 closing price of $11.07 per unit. This also represents a 30% increase from the originally anticipated 5% per annum yield based on the issue price of $10 per unit.
Precious Metals and Mining Trust: Precious Metals and Mining Trust is a closed-end trust that aims to provide unitholders with long-term capital appreciation and monthly cash distributions. The Trust invests in an actively managed portfolio consisting primarily of equity securities of metals and minerals mining and exploration issuers listed on a North American stock exchange.
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.
Future distributions: The distribution is based upon the current make-up of the Trust’s portfolio. If the make-up of the portfolio changes, the distributions could change.
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 35 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 22 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of December 31, 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 firstname.lastname@example.org www.sentryselect.com
This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the future performance of the Trust, including the potential for future distributions. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.
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).