Precious Metals and Mining Trust (TSX: MMP.UN) increases regular monthly distributions to $0.10 per unit
TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce that Precious Metals and Mining Trust’s (the “Trust”) distribution for July 2007 will be increased to $0.10 per unit, up from $0.07 per unit for June. This is the fourth distribution increase since the inception of the Trust in June 2006 in which the distribution began at $0.0417 per unit. The distribution will be paid on August 15, 2007 to unitholders of record on July 31, 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 $0.10 per unit represents a current yield of 9.0% per annum based on the July 10, 2007 closing price of $13.30 per unit and a 12.0% yield based on the issue price of $10 per unit. This also represents an 80% increase from the originally anticipated 5% per annum yield. 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. Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages over $8 billion in gross assets as of June 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. With 29 reporting issuers, Sentry Select is the leading manager and/or advisor to entities listed on the Toronto Stock Exchange. In addition, Sentry Select manages and/or provides advisory services to 4 reporting issuers listed on the TSX Venture Exchange. 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 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.
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