Sentry Select - Products - Product Details

Diversified Preferred Share Trust

TSX Symbol/Fund Code:	DPS.UN
Inception Date:	December 11, 2003
Maturity Date:	January 1, 0001
Conversion Date:	January 1, 0001
Termination Date:	January 1, 0001
Investment Type:	Closed-end investment trust
Sales Commission:
Annual trailer / service fee:

Portfolio Manager:
J. Andrew Guy
Details

Net Asset Value
	NAVPU	NAV Date
Diversified Preferred Share Trust	$18.31	July 2, 2009

show all

Market Price
	Price	Change	As Of
Diversified Preferred Share Trust	$18.36	$0.05	July 2, 2009

show all

Diversified Preferred Share Trust is a passively managed, closed-end investment trust designed to provide quarterly, tax efficient distributions.

The main objective of this Trust is to generate quarterly, tax efficient cash distributions by investing in an equally weighted, diversified portfolio of preferred shares and preferred securities of Canadian issuers. The portfolio is managed on a passive basis to provide investors a low management fee.

Average Annual Compound Returns - by Market Price (as of May 29, 2009)

YTD	3 Month	6 Month	1 Year	3 Year	5 Year	SI
15.0%	12.5%	27.9%	-8.3%	-4.3%	-1.1%	-1.2%

Annual Returns - by NAV

2008	2007	2006	2005	2004	2003*
-20.4%	-6.6%	4.6%	2.4%	5.8%	1.2%

Annual Returns - by Market Price

2008	2007	2006	2005	2004	2003*
-16.9%	-15.0%	2.7%	4.7%	5.4%	0.0%

*Total return for the period December 12, 2003 - December 31, 2003

J. Andrew Guy, Portfolio Manager

Andrew joined Sentry Select in 2006; he specializes in equities.

Current quarterly distributions of $0.30
	2008	2007	2006	2005	2004	2003
From dividends	0.77	0.87	0.78	0.79	0.70	-
Return of capital	0.43	0.33	0.42	0.41	0.52	-
Total distributions^1,2	1.20	1.20	1.20	1.20	1.22	-

¹ Distributions are based on the actual number of units outstanding at the relevant time.
² Distributions were paid in cash.

Summary of investment portfolio (as of March 31, 2009):

Net Assets: $ 147,685,248

Top 25 holdings: (unaudited)

Name of security	% of Investment Portfolio
National Bank Of Canada 4.85% Non-Cumulative Redeemable 1st Preferred Series 16	1.11
National Bank Of Canada 5.85% Non-Cumulative Redeemable 1st Preferred Series 15	1.10
Power Financial Corporation 6.00% Non-Cumulative Redeemable Preferred 1 Series I	1.10
Royal Bank of Canada 4.90% Non-Cumulative 1st Preferred Series W	1.04
Nova Scotia Power Cumulative Redeemable 1st Preferred Series C Exchangeable	1.03
Royal Bank of Canada Non-Cumulative 1st Preferred Series AA	1.02
Power Corporation Of Canada 5.00% Non-Cumulative 1st Preferred Series D	1.02
Toronto Dominion Bank 4.85% Non-Cumulative Class A 1st Preferred Redeemable Series O	1.01
Power Financial Corporation 4.95% Non-Cumulative Preferred 1 Series K	1.01
Great-West Lifeco Inc. 4.50% Non-Cumulative 1st Preferred Series I	0.99
Fortis Inc. Cumulative Redeemable 1st Preferred Series F Convertible	0.99
Dundee Corp. Cumulative Redeemable 5.00% 1st Preferred Series 1	0.99
Brookfield Asset Management Class A Preferred Series 2	0.99
Power Corporation Of Canada 5.80% Non-Cumulative 1st Preferred Series C	0.98
Canada Life Financial Corporation 6.25% Non-Cumulative Preferred Series B	0.98
Nova Scotia Power Cumulative Redeemable 1st Preferred Series D Exchangeable	0.97
Bank Of Nova Scotia Non-Cumulative Preferred 5 Year Rate Reset Series 22	0.97
Canadian Imperial Bank Commerce Non-Cumulative Redeemable Class A Preferred Series 30	0.97
Fortis Inc. Cumulative Redeemable 1st Preferred Series E Convertible	0.97
Great-West Lifeco Inc. 5.20% Non-Cumulative 1st Preferred Series G	0.97
Sun Life Financial Inc. Non-Cumulative Class A Preferred Series 2	0.96
Sun Life Financial Inc. Non-Cumulative Class A Preferred Series 1	0.96
CU Inc. Cumulative 4.60% Redeemable Preferred Series 1	0.96
Westcoast Energy Inc. 5.60% Cumulative 1st Preferred Series 8	0.96
Industrial Alliance Insurance and Financial Services Inc. Non-Cumulative Redeemable Class A Preferred Series B	0.95

Portfolio Breakdown: (unaudited)

Sector	% of Investment Portfolio
Straight Preferred Shares	51.97
Retractable Preferred Shares	23.48
Fixed Floater Preferred Shares	16.60
Floating Rate Preferred Shares	7.95
	100.00

Diversified Preferred Share Trust

Snapshot

Product overview

Performance

Portfolio manager

J. Andrew Guy, Portfolio Manager

Distributions

Portfolio holdings