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Sentry Select Global Real Estate Fund files final prospectus, offers warrants

TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce that a final prospectus for Sentry Select Global Real Estate Fund (the “Fund”) has been filed with, and a receipt therefor issued by, the securities regulatory authorities in each of the provinces and territories of Canada. The Fund will issue Listed Combined Units and Class F Combined Units (collectively, the “Combined Units”).

The Warrants: Each Listed Combined Unit consists of one Listed Unit and one full Listed Warrant. Each whole Listed Warrant entitles the holder to purchase one Listed Unit at a subscription price of $10.25 on or before 4:00 p.m. on October 31, 2009.Each Class F Combined Unit consists of one Class F Unit and one whole Class F Warrant. Each whole Class F Warrant entitles the holder to purchase one Class F Unit at a subscription price of $10.25 on or before 4:00 p.m. on October 31, 2009.

Offering price and minimum purchase: The offering price for both Listed and Class F Combined Units is $10.00 per Unit. The minimum purchase quantity for Listed Combined Units is 200 ($2,000) and for Class F Combined Units is 500 ($5,000).

Investment objectives:  The Fund’s investment objectives are to invest primarily in publicly listed real estate related issuers and real estate investment trusts, with a view to:• paying quarterly cash distributions (initially expected to be $0.125 per quarter, or 5% per annum based on the original price of $10.00 per Combined Unit); and• preserving and enhancing the net asset value per Unit.

Closing: The closing is expected to occur on or about December 18, 2007.

Conversion of the Fund: On February 1, 2010 the Fund will become an open-end mutual fund and the Listed Units of the Fund will be delisted and the Listed Units and Class F Units will become redeemable at their respective net asset value per Unit on a daily basis.

TSX listing: The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Listed Units and the Listed Warrants under the symbols GRE.UN and GRE.WT, respectively, subject to the Fund fulfilling all of the requirements of the TSX.

Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages approximately           $8 billion in gross assets as of October 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 29 reporting issuers, Sentry Select is the manager and/or advisor to more TSX-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.Sentry Select Global Real Estate Fund files final prospectus, offers warrants

Agents: The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Research Capital Corporation and Richardson Partners Financial Limited.

More information:  Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel:  1-888-246-6656   Fax: 416-364-1197

This news release contains forward-looking statements that involve risks and uncertainties. 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.A final prospectus dated November 29, 2007 relating to these securities has been filed with the securities regulatory authority in each of the provinces and territories of Canada. Important information concerning this offering is contained in the prospectus. Obtain a copy from your financial advisor and read the prospectus before investing.

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 (