TORONTO: Sentry Select Capital Corp. is pleased to announce the launch of Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class, Series 1 and 2 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2 (the “Notes”).
The Portfolio: Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class, Series 1 and 2 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2 are Deposit Notes, issued by Bank of Montreal. The performance of the Notes is based on the return of a basket of assets comprised of a portfolio of global dividend-paying equities (the “Portfolio”) and a Notional Bond Portfolio. The Portfolio will initially be comprised of 20 equally weighted diversified equities and will be adjusted quarterly by the Manager in accordance with investment guidelines, strategies, criteria and restrictions described in the Information Statements.
Issue price and minimum investment: The issue price of the Notes is $100 per note with a minimum investment of $2,000 (20 Notes).
Selling periods: Series 1 Notes are available for sale until June 1, 2007 and Series 2 Notes until July 27, 2007.
FundSERV: The FundSERV code for Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class Series 1 is JHN617, Series 2 is JHN619 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™ Series 1 is JHN618 and Series 2 is JHN620.
Deposit repayment amounts: Within 10 business days of the end of each quarter, investors in Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2 will receive principal repayments equal to 1.25% of the deposit amount, paid for the first four quarters, and thereafter an amount equal to 100% of the underlying Portfolio’s distributions (including on any equities notionally purchased using leverage), if any. For the Total Return Class 100% of the portfolio’s distributions, if any, are notionally reinvested in the basket for compound growth.
Payment at maturity: The Notes will mature on December 5, 2014 in case of Series 1 and January 30, 2015 in case of Series 2, and investors will be repaid their deposit amount, and the applicable Variable Return, if any, based on the performance of a Basket of assets consisting of a Portfolio and a Notional Bond Portfolio. In addition, in the case of the R.O.C. Class the return payable at maturity, if any, will be reduced by a percentage of the amounts you receive prior to maturity pursuant to a formula set out in the Information Statement.
Liquidity: A daily secondary market will be maintained by BMO Nesbitt Burns Inc. under normal market conditions, as set out in the Information Statement. There is no assurance that a secondary market will exist. Sale of Notes within 2 years of their issue will be subject to an early trading charge.
Sentry Select Capital Corp.: Sentry Select Capital Corp., the Manager of the Notes, is an innovative Canadian wealth management company who manages approximately $8 billion in gross assets as of March 31, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. With 35 reporting entities, Sentry Select is the leading issuer of securities listed on the Toronto Stock Exchange.
More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel: 1-888-246-6656 Fax: 416-364-1330 firstname.lastname@example.org www.sentryselect.com
For a copy of the Information Statement please visit www.sentryselect.com
“Sentry Select” and “Sentry Select logo” are registered trademarks of Sentry Select Capital Corp. and have been licensed for use by BMO Nesbitt Burns Corporation Limited and its affiliates. “Nesbitt Burns” is a registered trademark and “Global Dividend Growth Notes Total Return Class” and “Global Dividend Growth Notes R.O.C. Class” are trademarks of BMO Nesbitt Burns Corporation Limited used under license. “BMO Capital Markets” is a trademark of Bank of Montreal and under license.
This is for information purpose only and is not, and under any circumstances is to be construed as an offering of the Notes described herein, or as investment advice. The information is intended to be read in conjunction with the Information Statement for the Bank of Montreal Sentry Select Global Dividend Growth Notes Total Return Class Series 1 and 2 and Bank of Montreal Sentry Select Global Dividend Growth Notes R.O.C. Class™, Series 1 and 2. Capitalized terms used and not otherwise defined herein have the meanings given to them in the Information Statement. The fluctuation of the value of the underlying portfolio will directly impact the return, if any, on the Deposit Notes at maturity.
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).