TORONTO: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce the anniversary payment for Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 1 (the “Notes”). The payment of $3.09 per Note will be made on November 7, 2008 to investors of record on October 31, 2008. The amount represents a yield of 3.09% based on the issue price of $100.00 per note on October 28, 2005.
The Notes: Sentry Select Rogers International Commodity Index Principal-Protected Notes, Series 1 are deposit notes, issued by National Bank of Canada. The performance of the Notes is linked to the appreciation of (i) a portfolio of commodities managed by Diapason Commodities Management SA with the objective to replicate the performance of the Rogers International Commodity Index™ (RICI) and (ii) certain fixed-income and/or money-market instruments (the “Benchmark Portfolio”).
Annual income: On each anniversary date of the issuance of the Notes, subject to certain conditions, investors may be entitled to receive an amount per Note equal to (i) the sum of, for each day of that year, the Canadian overnight financing rate of the Bank of Canada, less 0.50%, divided by 365, multiplied by a specified amount of cash or cash equivalent instruments held in the Benchmark Portfolio for that day, (ii) divided by the number of Notes outstanding. If the value of the Benchmark Portfolio becomes equal to or less than a specified level, no amount will be paid to the investors on any anniversary date of the Notes.
Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that manages approximately $5.5 billion in gross assets as of September 30, 2008. The company offers a diverse range of investment products including closed-end trusts, mutual funds, hedge funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.
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The Notes are not sponsored, endorsed, sold or promoted by James Beeland Rogers, Jim Rogers or Beeland Interests Inc. (collectively “Beeland”) or Diapason Commodities Management SA (“Diapason”). Beeland and Diapason make no representation or warranty, express or implied, to investors in the Notes or any potential investor, governmental authority, or any member of the public, regarding the advisability of investing in securities or commodities generally, or in the Notes or futures particularly. “Jim Rogers”, “Rogers International Commodity Index”, “RICI” are trademarks and service marks owned by Beeland.
Diapason Commodities Management SA is a limited partnership and commodity operator whose main mandate is to promote and distribute products designed around the Rogers International Commodity Index™. Diapason is owned by its management, who are experienced professionals in the fields of asset management, commodity markets, futures and options trading and it is managing in excess of 1.1 billion Euros in assets.
“Jim Rogers”, “James Beeland Rogers”, "Rogers", “Rogers International Commodity Index”, and "RICI" are trademarks and service marks of Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license. The name and likeness of Jim Rogers/James Beeland Rogers are trademarks and service marks of James Beeland Rogers, Jr.
“Sentry Select Rogers International Commodity Index Principal-Protected Notes are not and will not be offered or sold in the United States to or for the account of U.S. Persons as defined by U.S. securities laws. Each purchaser of the Notes will be asked to certify that such purchaser is not a U.S. Person, is not receiving the Notes in the United States, and is not acquiring the Notes for the benefit of a U.S. Person.”
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 Capital Corp. (“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 distribution on the date specified. Although Sentry Select believe 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).