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Unitholders approve the merger of Sentry Select Global Real Estate Fund with Sentry Select REIT Fund

TORONTO: Sentry Select Capital Inc. (“Sentry Select” or the “Manager”), the manager of Sentry Select Global Real Estate Fund (the “Terminating Fund”), is pleased to announce that unitholders of the Terminating Fund, at a special meeting of unitholders held earlier today, approved the merger of the Terminating Fund with Sentry Select REIT Fund (the “Continuing Fund”), an open-end mutual fund (the “Merger”).

The Merger is expected to take place on or about February 1, 2010. The Terminating Fund is expected to be de-listed from the Toronto Stock Exchange (the “TSX”) at the close of business on or about January 20, 2010, subject to the approval of the TSX.

The Merger remains subject to regulatory approval.

Costs of the Merger: All costs and expenses associated with the Merger will be borne by the Manager.

Sentry Select REIT Fund: Sentry Select REIT Fund is an open-end mutual fund with approximately $291 million in assets as at December 31, 2009. The investment objective of the Fund is to provide regular current income by investing primarily in REITs and equity securities of corporations participating in the residential and commercial real estate sectors. The Continuing Fund currently pays a monthly distribution of $0.0833, which represents an annual cash on cash yield of approximately 9.50% on Series A units as of January 14, 2010.

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

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 including, but not limited to, the proposed timing of the Merger and the de-listing of the Terminating Fund from the TSX. 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 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 of the Fund, please visit the Fund’s profile at

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 (