News

Sentry Select Diversified Income Trust (TSX: SDT.UN) announces exchange offer

08/14/2006


TORONTO: Sentry Select Capital Corp. is pleased to announce that Sentry Select Diversified Income Trust (the “Trust”) has filed a preliminary short-form prospectus across Canada, qualifying units of the Trust (the “Trust Units”) to be issued in connection with its exchange offer (the “Exchange Offer”) for securities of issuers (the “Issuers”) listed below.

Deposit date and closing: The Exchange Offer will be open for acceptance by holders of securities of the Issuers until 4:00 pm (Toronto time) on September 12, 2006 (the “Deposit Date”). The closing is expected to occur on or about September 21, 2006.

Exchange ratio: Trust Units may be purchased by the exchange of eligible securities of any Issuer named below. The number of Trust Units issuable for the securities of each Issuer (the “Exchange Ratio”) will be determined by dividing the weighted average trading price of such securities on the Toronto Stock Exchange (“TSX”) during the period of three consecutive trading days ending on the Deposit Date (the “Pricing Period”) by the weighted average trading price of the Trust Units on the TSX during the Pricing Period.

Acceptance: The Exchange Offer will remain open for acceptance until 4:00 p.m. (Toronto time) on September 12, 2006. The Exchange Offer may be accepted only by means of a book-entry deposit through CDS. Holders of securities of an Issuer who wish to accept the Exchange Offer must request their CDS Participant to effect the deposit for them, and should do so no later than September 11, 2006, to ensure that their securities are included in the deposit to be made through CDS on September 12, 2006. Some nominees may require an earlier deadline for receiving instructions concerning a deposit.

Issuers:

ENERGY
Enterra Energy Trust (ENT.UN)
Advantage Energy Income Fund (AVN.UN)
Esprit Energy Trust (EEE.UN)
ARC Energy Trust (AET.UN)
Fairborne Energy Trust (FEL.UN)
Avenir Diversified Income Trust (AVF.UN)
Focus Energy Trust (FET.UN)
Baytex Energy Trust (BTE.UN)
Freehold Royalty Trust (FRU.UN)
Bonavista Energy Trust (BNP.UN)
Harvest Energy Trust (HTE.UN)
Bonterra Energy Income Trust (BNE.UN)
NAL Oil and Gas Trust (NAE.UN)
Canadian Oil Sands Trust (COS.UN)
NAV Energy Trust (NVG.UN)
Canetic Resources Trust (CNE.UN)
Paramount Energy Trust (PMT.UN)
Crescent Point Energy Trust (CPG.UN)
Pengrowth Energy Trust (PGF.A)
Daylight Energy Trust (DAY.UN)
Penn West Energy Trust (PWT.UN)
Enerplus Resources Fund (ERF.UN)

Peyto Energy Trust (PEY.UN)
Duke Energy Income Fund (DET.UN)
PrimeWest Energy Trust (PWI.UN)
Enbridge Income Fund (ENF.UN)
Progress Energy Trust (PGX.UN)
FortChicago Energy Partners L.P. (FCE.UN)
Provident Energy Trust (PVE.UN)
Gaz Metro Limited Partnership (GZM.UN)
Sequoia Oil & Gas Trust (SQE.UN)
Inter Pipeline Fund (IPL.UN)
Shiningbank Energy Income Fund (SHN.UN)
Keyera Facilities Income Fund (KEY.UN)
Thunder Energy Trust (THY.UN)
Pembina Pipeline Income Fund (PIF.UN)
Trilogy Energy Trust (TET.UN)
Royal Utilities Income Fund (RU.UN)
True Energy Trust (TUI.UN)
Taylor NGL Limited Partnership (TAY.UN)
Vault Energy Trust (VNG.UN)
UE Waterheater Income Fund (UWH.UN)
Vermilion Energy Trust (VET.UN)
Zargon Energy Trust (ZAR.UN)
CONSUMER
A & W Revenue Royalties Income Fund (AW.UN)
RESOURCE
Aeroplan Income Fund (AER.UN)
Acadian Timber Income Fund (ADN.UN)
Arctic Glacier Income Fund (AG.UN)
Canfor Pulp Income Fund (CFX.UN)
Art In Motion Income Fund (AIM.UN)
Fording Canadian Coal Trust (FDG.UN)
Associated Brands Income Fund (ABF.UN)
LabradorIronOre Royalty Income Fund (LIF.UN)
AutoCanada Income Fund (ACQ.UN)
Noranda Income Fund (NIF.UN)
Benvest New Look Income Fund (BCI.UN)
SFK Pulp Fund (SFK.UN)
Big Rock Brewery Income Trust (BR.UN)
Sun Gro Horticulture Income Fund (GRO.UN)
Boston Pizza Royalties Income Fund (BPF.UN)
TimberWest Forest Corp. (TWF.UN)
The Brick Group Income Fund (BRK.UN)
Carfinco Income Fund (CFN.UN)
Chesswood Income Fund (CHW.UN)
POWER
CI Financial Income Fund (CIX.UN)
Algonquin Power Income Fund (APF.UN)
Cineplex Galaxy Income Fund (CGX.UN)
Atlantic Power Corp. (ATP.UN)
Clearwater Seafoods Income Fund (CLR.UN)
Boralex Power Income Fund (BPT.UN)
CML Healthcare Income Fund (CLC.UN)
Calpine Power Income Fund (CF.UN)
Coast Wholesale Appliances Income Fund (CWA.UN)
Clean Power Income Fund (CLE.UN)
Colabor Income Fund (CLB.UN)
Countryside Power Income Fund (COU.UN)
Connors Bros. Income Fund (CBF.UN)
Creststreet Power & Income Fund LP (CRS.UN)
Custom Direct Income Fund (CDI.UN)
Epcor Power LP (EP.UN)
Davis+Henderson Income Fund (DHF.UN)
Great Lakes Hydro Income Fund (GLH.UN)
Dominion Citrus Income Fund (DOM.UN)
Innergex Power Income Fund (IEF.UN)
E.D. Smith Income Fund (JAM.UN)
Macquarie Power & Infrastructure Income Fund (MPT.UN)
Energy Savings Income Fund (SIF.UN)
Northland Power Income Fund (NPI.UN)
Entertainment One Income Fund (EOF.UN)
Primary Energy Recycling Corporation (PRI.UN)
Firm Capital Mortgage Investment Trust (FC.UN)
TransAlta Power, L.P. (TPW.UN)
First National AlarmCap Income Fund (FNA.UN)
FMF Capital Group Ltd. (FMF.UN)
UTILITIES INFRASTRUCTURE
Futuremed Healthcare Income Fund (FMD.UN)
AltaGas Income Trust (ALA.UN)
Gamehost Income Fund (GH.UN)
Amtelecom Income Fund (AMT.UN)
Gateway Casinos Income Fund (GCI.UN)
Bell Aliant Regional Communications Income Fund (BA.UN)
GMP Capital Trust (GMP.UN)
Bell Nordiq Income Fund (BNQ.UN)
The GolfTown Income Fund (GLF.UN)
The Consumers' Waterheater Income Fund (CWI.UN)
Hartco Income Fund (HCI.UN)

Home Equity Income Trust (HEQ.UN)
Badger Income Fund (BAD.UN)
Hot House Growers Income Fund (VEG.UN)
BFI Canada Income Fund (BFC.UN)
KCP Income Fund (KCP.UN)
Bird Construction Income Fund (BDT.UN)
The Keg Royalties Income Fund (KEG.UN)
Bonnett's Energy Services Trust (BT.UN)
Keystone North America Inc. (KNA.UN)
Boyd Group Income Fund (BYD.UN)
Lakeport Brewing Income Fund (TFR.UN)
Builders Energy Services Trust (BET.UN)
Liquor Barn Income Fund (LBN.UN)
Canada Cartage Diversified Income Fund (TRK.UN)
Liquor Stores Income Fund (LIQ.UN)
CCS Income Trust (CCR.UN)
Madacy Entertainment Income Fund (MEG.UN)
Canadian Energy Services L.P. (CEU.UN)
Medical Facilities Corporation (DR.UN)
Canadian Helicopters Income Fund (CHL.UN)
Medisys Health Group Income Fund (MHG.UN)
Canexus Income Fund (CUS.UN)
Menu Foods Income Fund (MEW.UN)
CanWelBuilding Materials Income Fund (CWX.UN)
Movie Distribution Income Fund (FLM.UN)
CanWest MediaWorks Income Fund (CWM.UN)
Newport Partners Income Fund (NPF.UN)
Cargojet Income Fund (CJT.UN)
North West Company Fund (NWF.UN)
Cathedral Energy Services Income Fund (CET.UN)
Parkland Income Fund (PKI.UN)
Chemtrade Logistics Income Fund (CHE.UN)
PDM Royalties Income Fund (PDM.UN)
Cinram International Income Fund (CRW.UN)
Pizza Pizza Royalty Income Fund (PZA.UN)
Contrans Income Fund (CSS.UN)
Pollard Banknote Income Fund (PBL.UN)
The Data Group Income Fund (DGI.UN)
Premium Brands Income Fund (PBI.UN)
DirectCash Income Fund (DCI.UN)
Prime Restaurants Royalty Income Fund (EAT.UN)
Essential Energy Services Trust (ESN.UN)
Priszm Canadian Income Fund (QSR.UN)
Eveready Income Fund (EIS.UN)
Rainmaker Income Fund (RNK.UN)
Foremost Income Fund (FMO.UN)
Rogers Sugar Income Fund (RSI.UN)
FP Newspapers Income Fund (FP.UN)
Royal LePage Franchise Services Fund (RSF.UN)
General Donlee Income Fund (GDI.UN)
SCI Income Trust (SMN.UN)
GENIVAR Income Fund (GNV.UN)
Second Cup Royalty Income Fund (SCU.UN)
Gienow Windows and Doors Income Fund (GIF.UN)
SIR Royalty Income Fund (SRV.UN)
Granby Industries Income Fund (GBY.UN)
Sleep Country Canada Income Fund (Z.UN)
Great Lakes Carbon Income Fund (GLC.UN)
Somerset Entertainment Income Fund (SOM.UN)
Halterm Income Fund (HAL.UN)
Specialty Foods Group Income Fund (HAM.UN)
Hardwoods Distribution Income Fund (HWD.UN)
Stephenson's Rental Services Income Fund (RNT.UN)
High Arctic Energy Services Trust (HWO.UN)
The Sterling Shoes Income Fund (SSI.UN)
IAT Air Cargo Facilities Income Fund (ACF.UN)
Swiss Water Decaffeinated Coffee Income Fund (SWS.UN)
IBI Income Fund (IBG.UN)
Teranet Income Fund (TF.UN)
Jazz Air Income Fund (JAZ.UN)
Voxcom Income Fund (VOX.UN)
K-Bro Linen Income Fund (KBL.UN)
XS Cargo Income Fund (XSC.UN)
Livingston International Income Fund (LIV.UN)
Morneau Sobeco Income Fund (MSI.UN)
INDUSTRIALS
Mullen Group Income Fund (MTL.UN)
ACS Media Income Fund (AYP.UN)
New Flyer Industries Inc. (NFI.UN)
Ag Growth Income Fund (AFN.UN)
Newalta Income Fund (NAL.UN)
Altus Group Income Fund (AIF.UN)
Norcast Income Fund (NCF.UN)
Armtec Infrastructure Income Fund (ARF.UN)
Oceanex Income Fund (OAX.UN)
Arriscraft International Income Fund (AIN.UN)
OFI Income Fund (OFB.UN)
Atlas Cold Storage Income Trust (FZR.UN)
Osprey Media Income Fund (OSP.UN)
ATS Andlauer Income Fund (ATS.UN)
Peak Energy Services Trust (PES.UN)

Phoenix Technology Income Fund (PHX.UN)
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN)
Precision Drilling Trust (PD.UN)
Canadian Hotel Income Properties Real Estate Investment Trust (HOT.UN)
PRTForest Regeneration Income Fund (PRT.UN)
Canadian Real Estate Investment Trust (REF.UN)
Resolve Business Outsourcing Income Fund (RBO.UN)
Chartwell Seniors Housing Real Estate Investment Trust (CSH.UN)
Richards Packaging Income Fund (RPI.UN)
Cominar Real Estate Investment Trust (CUF.UN)
Spinrite Income Fund (SNF.UN)
Crombie Real Estate Investment Trust (CRR.UN)
Stoneham Drilling Trust (SDG.UN)
Dundee Real Estate Investment Trust (D.UN)
Strongco Income Fund (SQP.UN)
First Capital Realty Inc. (FCR)
Student Transportation of America Ltd. (STB.UN)
H&R Real Estate Investment Trust (HR.UN)
Superior Plus Income Fund (SPF.UN)
Holloway Lodging Real Estate Investment Trust (HLR.UN)
Supremex Income Fund (SXP.UN)
Huntingdon Real Estate Investment Trust (HNT.UN)
TerraVest Income Fund (TI.UN)
InnVest Real Estate Investment Trust (INN.UN)
Total Energy Services Trust (TOT.UN)
Instorage Real Estate Investment Trust (IS.UN)
TransForce Income Fund (TIF.UN)
IPC US Real Estate Investment Trust (IUR.UN)
TreeIsland Wire Income Fund (TIL.UN)
Lakeview Hotel Real Estate Investment Trust (LHR.UN)
Trimac Income Fund (TMA.UN)
Lanesborough Real Estate Investment Trust (LRT.UN)
Trinidad Energy Services Income Trust (TDG.UN)
Legacy Hotels Real Estate Investment Trust (LGY.UN)
Versacold Income Fund (ICE.UN)
Morguard Real Estate Investment Trust (MRT.UN)