TORONTO, ONTARIO--(Marketwire - May 28, 2012) - Sentry Investments Inc. ("Sentry"), the manager of the Sentry Group of Funds, announced today that it is changing the risk ratings associated with Sentry Growth and Income Fund and Sentry U.S. Growth and Income Fund. These changes are reflected in the renewal Simplified Prospectus for the Sentry Group of Funds, dated May 25, 2012.
Following an annual review of all mutual funds under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, Sentry has determined that it is appropriate to reduce the risk rating for Sentry Growth and Income Fund from "medium" to "low to medium" and to change the risk rating for Sentry U.S. Growth and Income Fund from "low to medium" to "medium". No material changes have been made to either mutual funds' investment objectives or strategies.
The methodology used by Sentry to identify the investment risk level of each mutual fund within the Sentry Group of Funds is available at no cost by calling us at 1-888-730-4623 or by writing to us at firstname.lastname@example.org.
Sentry Growth and Income Fund
Sentry Growth and Income Fund aims to seek a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying and/or distribution-paying North American equity and income securities, including income trusts and common and preferred shares and, to a lesser extent, interest bearing securities, such as bonds, bills or bankers' acceptances.
Sentry U.S. Growth and Income Fund
Sentry U.S. Growth and Income Fund seeks a balance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of dividend-paying U.S. equity securities, including common and preferred shares and, to a lesser extent, interest bearing securities, such as bonds, bills or bankers' acceptances.
Sentry Investments is a Canadian asset management company with over $7 billion in assets under management on behalf of Canadian investors. Sentry offers a diverse range of investment products including mutual funds and flow-through limited partnerships. Sentry 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, including, but not limited to, the anticipated date of the Meetings. 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, 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|