TORONTO: Sentry Select Capital Corp. (“Sentry Select”) announces that Sentry Select FIDAC U.S. Mortgage Trust’s (the “Trust”) quarterly distribution for February 2008 will be $0.19 per unit. The distribution is payable on March 14, 2008 to unitholders of record on February 29, 2008.
Sentry Select FIDAC U.S. Mortgage Trust: Through a limited partnership, the Trust invests in a portfolio consisting primarily of mortgage-backed securities with actual or implied AAA rating, issued by the U.S. agencies commonly known as Ginnie Mae, Fannie Mae and Freddie Mac. The investment objective of the Trust is to generate net income for distribution to investors from the spread between the interest income on its mortgage-backed securities and the cost of borrowing to finance their acquisition.
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 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 Toronto Stock Exchange-listed reporting issuers. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.
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Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ‘‘expect’’, ‘‘intend’’, “will” and similar expressions to the extent they relate to Sentry Select. The forward-looking statements are not historical facts but reflect Sentry Select’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the ability of Sentry Select to pay the distributions on the dates specified. Although Sentry Select believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sentry Select undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
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).