TORONTO, ONTARIO--(Marketwire - March 8, 2012) - Sentry Investments Inc. ("Sentry" or the "Manager"), is pleased to announce that the securityholders of Sentry Mining Opportunities Class (the "Terminating Fund") and Sentry Precious Metals Growth Class (the "Continuing Fund") have voted today, at successively held special meetings, to approve the merger of the Terminating Fund into the Continuing Fund (the "Merger"). The Terminating Fund and Continuing Fund are each a class of shares of Sentry Corporate Class Ltd.
|Completion of |
|The effective date of the Merger is expected to be on or about March 16, 2012. On that date, the Terminating Fund will transfer all of its assets and liabilities to the Continuing Fund. Each securityholder of the Terminating Fund will receive securities of the Continuing Fund having the same aggregate net asset value as their securities of the Terminating Fund as of the close of business on the effective date of the Merger.|
|Costs of the Merger||All costs and expenses associated with the Merger will be borne by the Manager. |
|Investment objectives of the Continuing Fund||Sentry Precious Metals Growth Class is an open-end mutual fund with approximately $90 million in assets as at March 7, 2012. The Continuing Fund's investment objective is to provide long-term capital appreciation by investing substantially all of its assets in securities of Sentry Precious Metals Growth Fund. Sentry Precious Metals Growth Fund's investment objective is to provide long-term capital appreciation by investing in equity securities of companies engaged in the precious metals sector while remaining RRSP eligible. This fund is suitable for investors who wish to add diversification to their investment portfolio, who are not concerned by short-term price fluctuations and are planning to hold their investment for the long term. |
|Sentry Investments||Sentry Investments is a Canadian asset management company with approximately $7 billion in assets under management on behalf of Canadian investors. Sentry Investments offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry Investments was recognized as Canada's Best Equity Funds Group at the 2011 and 2012 Lipper Fund Awards and was one of only five companies in 2011 to receive the prestigious Brendan Wood International TopGun Asset Management Team Award.|
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. The forward-looking statements are not historical facts but reflect Sentry'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 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 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 Sentry Group of Funds, including the Terminating Fund and Continuing Fund, please visit their profiles at www.sedar.com.
|Sentry Investments Inc.|
|Commerce Court West|
|199 Bay Street, Suite 4100|
|P.O. Box 108|
|Toronto, ON M5L 1E2|
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).