TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce that Sentry Select Diversified Income Trust (the “Trust”) has filed, and received a receipt for, a final short-form prospectus across Canada, qualifying up to 108,908,597 units of the Trust (the “Trust Units”) to be issued in connection with its exchange offer (the “Exchange Offer”) with a value of approximately $517 million.
Deposit date and closing: The Exchange Offer was open for acceptance by holders of securities of the eligible issuers (“the Issuers”) until 4:00 p.m. (Toronto time) on October 15, 2007 (the “Deposit Date”). The closing is expected to occur on or about October 26, 2007.
Distributions: Holders of securities of Issuers who accept the Exchange Offer will be eligible to receive all distributions commencing with the distribution to be made to unitholders of record on October 31, 2007.
Exchange ratios: The exchange ratios for all Issuers were announced in a news release on October 16, 2007.
Reimbursement of expenses: The Manager has agreed to reimburse the Trust for the expenses of the Exchange Offer, including the solicitation and agency fees, incurred by the Trust in 28 equal quarterly instalments (due January 1, April 1, July 1 and October 1), together with interest, beginning on January 1, 2009. This obligation will be evidenced by a promissory note to be issued at the closing of the Exchange Offer, which will bear interest from the date of issue at the prime rate of interest posted from time to time by the Trust’s bank.
Dealer manager: National Bank Financial Inc. is the dealer manager for the Exchange Offer.
Sentry Select Diversified Income Trust: Sentry Select Diversified Income Trust is a closed-end investment trust that aims to maximize distributions to unitholders by investing primarily in high income securities issued by a broad range of royalty and income trusts, real estate investment trusts, and limited partnerships and, to a lesser extent, fixed-income securities and high-yielding common stocks.
Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of September 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 manager and/or advisor to more Toronto Stock Exchange-listed entities than any other investment manager. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.
Restrictions: The Exchange Offer is not a take-over bid for any of the Issuers and is not, and under no circumstances is to be construed as, an offering of any Trust Units for sale in the U.S. or to any resident thereof.
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
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).