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Sentry Select Global Real Estate Fund (TSX: GRE.UN) announces intention to make normal course issuer bid
2008-02-05

Toronto: Sentry Select Capital Corp. (the “Manager” or “Sentry Select”), the manager of Sentry Select Global Real Estate Fund (the “Fund”), is pleased to announce that the Fund intends to purchase up to 287,830 listed units of the Fund (the “Units”) for cancellation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the “TSX”). The 287,830 Units represent approximately 10% of the public float of the Fund. As of February 4, 2008, 3,229,900 Units were issued and outstanding. The public float of 2,878,300 Units has been calculated as the issued and outstanding Units less Units held by insiders of the Fund.

The purchases may commence on February 7, 2008 and will terminate on February 6, 2009, or on such earlier date as the Fund may complete its purchases or provide notice of termination. Any such purchases will be made by the Fund at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX.

Pursuant to the Declaration of Trust, the Fund is prohibited from purchasing Units at a price exceeding the net asset value (“NAV”) per Unit (as defined in the Declaration of Trust) on the day immediately prior to the offer to purchase Units, subject to the maximum number of Units described above. Purchases of Units at less than NAV per Unit should have the effect of increasing the NAV per Unit. All purchased Units will be cancelled.

The Fund will not purchase in any 30-day period more than 64,598 Units (2% of the issued and outstanding Units as at the date of acceptance of the notice of the normal course issuer bid by the TSX).

To the knowledge of the Manager, no director, senior officer or other insider of the Manager intends at present to sell any Units under this bid. However, sales by such persons through the facilities of the TSX or elsewhere may occur if the circumstances or decisions of any such person change. The benefits to any such person whose Units are purchased would be the same as the benefits available to all other holders whose Units are purchased.

Sentry Select Global Real Estate Fund: Sentry Select Global Real Estate Fund was created to capitalize on attractive investment opportunities in the global real estate market. It seeks to benefit from stable income from real estate securities in mature real estate markets and opportunities for capital appreciation from emerging markets with faster-growing economies. The Fund offers Listed Units and Class F units.

Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of December 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 is the manager and/or advisor to 30 TSX-listed reporting issuers. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.

Forward-looking statements:  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 purchases pursuant to the normal course issuer bid. 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.

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


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