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Leading Proxy Advisory Firm RiskMetrics Recommends Unitholders Vote FOR Sentry Select Diversified Income Fund’s Restructuring
2009-06-16

TORONTO: Sentry Select Capital Inc., the manager of Sentry Select Diversified Income Fund (the “Fund”) (TSX:SDT.UN), today announced that North America’s leading proxy advisory firm, RiskMetrics Group (formerly ISS Governance Services), recommends that its clients support management’s proposed Restructuring of the Sentry Select Diversified Income Fund by voting “FOR” this resolution at its 2009 Special Meeting of Unitholders to be held on June 26, 2009 (the “Meeting”).

“We are pleased to have the support of RiskMetrics whose recommendations are closely followed by principal institutional shareholders,” said John Driscoll, President and CEO of Sentry Select Capital Inc. “After consideration of numerous alternatives, we strongly believe that the Restructuring proposal is in the best interest of all unitholders.”

Among the benefits of the Restructuring to the unitholders of the Fund are an immediate increase in realizable value for unitholders; reduced management fees; increased liquidity of the Units and expanded investment objectives. For more information on the Restructuring proposal we encourage you to review the Management Information Circular dated May 26, 2009.

The Independent Directors strongly recommend that all unitholders vote the proxy in support of the Fund Restructuring.

Your individual vote is extremely important. The resolution must be approved by two-thirds of the votes cast. You may vote in person or by form of proxy at the Meeting, but we strongly encourage you to complete the form of proxy and submit according to the instructions prior to the Meeting.

Voting is a very quick and easy process that empowers you to state your position and protect your investment, but you must act and vote your proxy by June 24, 2009 to ensure your position is recognized. If you have any questions regarding voting your proxy, please contact Kingsdale Shareholder Services Inc., at 1-800-749-9197 (toll free) or 416-867-2272 (outside of North America).

If you have any questions regarding the proposed Restructuring, please contact Sentry Select's Investor Services at 1-888-730-4623.

IT IS EXTREMELY IMPORTANT THAT SHAREHOLDERS VOTE AS SOON AS POSSIBLE.

Sentry Select Diversified Income Fund: Sentry Select Diversified Income Fund is a closed-end investment trust that aims to maximize distributions to unitholders by investing primarily in high-income securities issued by a broad range of royalty and income trusts, real estate investment trusts, and limited partnerships and, to a lesser extent, fixed-income securities and high-yielding common stocks.

Sentry Select: Sentry Select is a Canadian wealth management company that offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes, flow-through limited partnerships and hedge funds, covering a variety of domestic and global mandates.

More information: Investor Services (broker/investor inquiries)Tel: 1-888-730-4623Fax: 416-364-1197Email: info@sentryselect.com

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 anticipated holdings of the Fund. 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. For a complete disclosure record for the Fund, please visit the Fund’s profile at www.sedar.com. 


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).