TORONTO: CAPVEST Income Corp. (the “Company”) is pleased to announce its semi-annual results for the six-month period ended June 30, 2006.

Highlights:
• From December 31, 2005 to June 30, 2006, the Company was invested, on a leveraged basis, in a portfolio of commodity-related income trusts and energy equities. As of June 30, 2006, approximately 21.93% of the total assets had exposure to Rogers International Commodity Index (the “RICI”).
• In the interim period, the Company had an increase in net assets from operations of $502,455, representing an increase per share of $0.01 (2005 - $0.01).
• The Company’s net assets increased to $10,352,318 as of June 30, 2006, representing an increase of approximately 5% from December 31, 2005. The largest factor contributing to the increase was the appreciation in the value of the forward agreement, which provides exposure to the RICI and commodity-related income trusts.
• For the interim period, the Company had investment income of $793,020 (2005 - $202,858), mostly from royalties and dividends.
• The Company’s net asset value per common share was $0.23 as of June 30, 2006, an increase from $0.22 as of December 31, 2005. As of June 30, 2006 the closing market price per share was $0.175 per share, representing a 24% discount to NAV.
• On August 9, 2006, the Company closed a rights offering that raised total gross proceeds of $6,860,921 through the issuance of 45,739,475 shares.

2006 interim financial results: For the complete 2006 Semi-Annual Management Report of Fund Performance and Semi-Annual Financial Statements, please visit www.sentryselect.com or www.SEDAR.com.

Investment objectives: The investment objective of CAPVEST Income Corp. is to generate capital appreciation and income, through exposure to commodity-related investments, including commodity-related income trusts and the Rogers International Commodity Index (RICI).

Sentry Select Capital Corp.: Sentry Select Capital Corp. is a wealth management company providing investment, administrative and marketing services to 32 exchange-listed closed-end funds and corporations, including preferred securities and debentures, 16 mutual funds, 15 principal-protected notes and three flow-through limited partnerships. Sentry Select is one of the largest Canadian investment managers in the income trust sector. As of July 31, 2006, the firm had approximately $8.5 billion in gross assets under management.

More information: Investor Services (broker/investor inquiries), Kinga Lam (media inquiries) or Kevin Cohen (Corporate Secretary) Tel: 1-888-246-6656 Fax: 416-364-1197 info@sentryselect.com www.sentryselect.com