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Sentry Select Capital Corp. announces mutual fund terminations

TORONTO: The Board of Directors of Sentry Select Capital Corp. (“Sentry Select”), as trustee of the Sentry Select Group of Funds (the “Trustee”), has determined that it is in the best interests of unitholders to terminate Sentry Select Global Value Fund and Sentry Select Global Small Cap Fund (the “Global Funds”). In compliance with securities legislation, the Trustee is hereby providing unitholders with 60 days prior written notice of the termination of the Global Funds. We anticipate the termination will occur on or about February 18, 2009.

The Trustee believes that it is in the best interest of the unitholders to terminate the Global Funds at this time, as the small asset size of the Global Funds has made it difficult for them to fulfil their respective mandates. Furthermore, the Trustee believes that, given the current economic environment, it is unlikely that the Global Funds will have the ability to attract significant new assets in the reasonably foreseeable future.

As a result of the imminent termination of the Global Funds, they are no longer accepting new purchases of their units. Sentry Select will continue to facilitate redemptions, transfers and switches prior to the terminations. Following the terminations, the outstanding liabilities of the Global Funds will be discharged and the remaining net assets will thereafter be distributed to the unitholders of the respective Global Funds. All expenses associated with the termination of the Global Funds will be borne by the Trustee.

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a Canadian wealth management company that 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.

More information: Investor Services (broker/investor or media inquiries)Tel: 1-888-730-4689Fax: 416-364-1197Email:

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. 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 forwardlooking 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 (