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Securityholders approve mergers of Sentry Select mutual funds and amendments to the investment objectives of Sentry Select Small Cap Income Fund and Sentry Select Lazard Global Infrastructure Fund
2010-05-25
TORONTO: Sentry Select Capital Inc. (“Sentry Select” or the “Manager”) is pleased to announce that the securityholders of the Terminating Funds, listed below, have today voted, at successively held special meetings, to approve the mergers of the Terminating Funds with the Continuing Funds (collectively, the “Mergers”) as follows:

Terminating Funds

Continuing Funds

Sentry Select Balanced Class*

Sentry Select Canadian Income Class*

Sentry Select Balanced Fund

Sentry Select Canadian Income Fund

Sentry Select Canadian Energy Growth Class*

Sentry Select Canadian Income Class*

Sentry Select Canadian Energy Growth Fund

Sentry Select Energy Income Fund

Sentry Select Dividend Growers Fund

Sentry Select Canadian Income Fund


*each a class of shares of Sentry Select Corporate Class Ltd.

The Mergers are expected to take place on or about June 4, 2010 and remain subject to regulatory approval.

In addition, Sentry Select is pleased to announce that securityholders of Sentry Select Small Cap Income Fund (“Small Cap Fund”) and Sentry Select Lazard Global Infrastructure Fund (“Infrastructure Fund”) (collectively, the “Funds”) have today voted, at successively held special meetings, to approve the proposed amendments to the investment objectives of the Funds. The newly approved investment objectives of the Small Cap Fund will eliminate the focus on income trusts and broaden the investable universe of the Small Cap Fund. The new investment objectives of the Infrastructure Fund will eliminate the link between the Canadian Consumer Price Index (the “CPI”) and the current investment objectives of the Infrastructure Fund and allow for monthly distributions, rather than quarterly. The investment objectives of both Funds will change effective May 28, 2010

Investment Objectives of Small Cap Fund and Infrastructure Fund as of May 28, 2010: Small Cap Fund is an open-end mutual fund with approximately $48.2 million in assets as at May 24, 2010. Small Cap Fund was recently awarded a 2010 Lipper Fund Award for the best risk-adjusted performance over three years in the Canadian small/mid-cap equity category. Small Cap Fund’s new investment objective is to provide consistent monthly income and capital appreciation by investing in equity securities of small and medium capitalization companies and trusts, as well as preferred securities and convertible debentures and to a lesser extent other interest bearing securities, such as bonds, bills or banker’s acceptances.

Infrastructure Fund is an open-end mutual fund with approximately $36.4 million in assets as at May 24, 2010. Infrastructure Fund’s new investment objective is to provide regular current income by investing globally in companies with either direct or indirect exposure to infrastructure.

Investment Objectives of Continuing Funds: Sentry Select Canadian Income Fund is an open-end mutual fund with approximately $841.6 million in assets as at May 24, 2010. The fund was recently awarded a 2010 Canadian Lipper Award for the best risk-adjusted performance over five years in the Canadian income trust equity category. The fund was also awarded the 2005 Canadian Income Trust Fund of the Year Award, and was a finalist for the award in 2006, 2007 and 2008. The investment objective of the fund is to provide a consistent monthly income and capital appreciation by investing primarily in a diversified portfolio of Canadian securities including equities, fixed-income instruments, Real Estate Investment Trusts and income trusts.

Sentry Select Canadian Income Class is an open-end mutual fund with approximately $63.9 million in assets as at May 24, 2010. The fund’s investment objective is to provide long-term returns by investing substantially all of its assets in securities of Sentry Select Canadian Income Fund.

Sentry Select Energy Income Fund is an open-end mutual fund with approximately $75.3 million in assets as at May 24, 2010. The fund’s investment objective is to provide regular income and long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of Canadian companies involved in the energy sector.

Sentry Select Capital Inc.: 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.


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).