Strategic Energy Fund (TSX: SEF.UN) amends Mandatory Market Purchase Program
Toronto/Calgary: Strategic Energy Management Corp., the manager of the Fund, announces that the Fund’s trust agreement has been amended to increase the amount of trust units of the Fund which are required to be purchased on a quarterly basis by the Fund for cancellation pursuant to the Fund’s mandatory market purchase program (“MPP”) from 0.25% to 1.25% of the outstanding trust units.This amendment to the Fund’s trust agreement was made in order to reinstate the percentage of trust units which the Fund is required to purchase under the MPP to the percentage mandated when the Fund was formed. With this change, the MPP is consistent with similar programs of other listed investment funds.A copy of the Fund’s trust agreement, as amended, can be obtained upon request to Strategic Energy Management Corp. at The Exchange Tower, 130 King Street West, Suite 2850, P.O. Box 104, Toronto, Ontario M5X 1A4, telephone (416) 364-8788, facsimile (416) 364-5615 or under the Fund’s profile on SEDAR at www.sedar.com.Strategic Energy Fund: Strategic Energy Fund is an investment trust that seeks to provide unitholders with superior rates of return through a diversification strategy focused on investment opportunities within the Canadian energy sector. The Fund invests in established companies, early-stage energy companies and, to a lesser extent, special energy issuers, each with prospects for high growth in the near to medium term and the potential for long-term capital appreciation.The Fund’s investments in established companies, including energy royalty and income trusts, are made with a view to generate sufficient income to permit the Fund to make monthly cash distributions to unitholders.Investments in early-stage energy companies are focused on both private and public issuers with strong, experienced management teams that have proven track records of enhancing shareholder value and successfully executing exit strategies. As well, the Fund may invest in undervalued issuers where Sentry Select Capital Corp., the investment advisor to the Fund, believes that capital appreciation can be realized.Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company who manages over $8 billion in gross assets as of April 30, 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 32 exchange-listed 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 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 Fund, 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.
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