The Manager identified an error in its computation of the Net Realized Proceeds per Unit, which resulted in an understatement of this amount by approximately $0.0604 per unit. As a result, unitholders who redeemed their units in respect of the annual redemption, which had a Valuation Date as at August 31, 2006, are entitled to additional redemption proceeds from the Trust. The correct Net Realized Proceeds per Unit is $9.8757, an increase from $9.8153, which was the amount previously paid. The original calculation inadvertently omitted the realized proceeds on the sale of securities of one issuer thereby understating the aggregate Net Realized Proceeds. The impact of this error on the current net asset value per unit is approximately $0.02 per unit.
The Manager is currently in the process of arranging for the additional redemption proceeds to be paid to affected unitholders via their brokerage firms. A press release will be issued within the next 30 days to confirm the timing of the payment to the brokerage firms. Unitholders who have changed brokerage firms since the time they redeemed units of the Trust are advised to contact their financial advisor regarding payment details.
The Manager has been advised by its legal counsel that the additional amounts paid should be treated by the unitholders as additional proceeds on disposition of such units. Unitholders should consult their tax advisors regarding their specific tax consequences.The Manager: Sentry Select Capital Corp. is a 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. Sentry Select provides management and advisory services to over 25 exchangelisted entities.
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).