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:
W. Shane Stuck
Details

Net Asset Value
	NAVPU	NAV Date
Diversified Preferred Share Trust	$20.42	March 10, 2010

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Market Price
	Price	Change	As Of
Diversified Preferred Share Trust	$19.62	$0.01	March 15, 2010

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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 February 28, 2010)

YTD	3 Month	6 Month	1 Year	3 Year	5 Year	SI
1.7%	5.4%	-0.5%	30.5%	-1.6%	0.8%	1.3%

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

W. Shane Stuck, Vice-President and Senior Portfolio Manager

Shane joined Sentry Select in 2010; he provides a fixed-income capability within the Sentry Select family of mutual funds.

Current quarterly distributions of $0.30
	2008	2007	2006	2005	2004	2003
From dividends	0.39	0.87	0.78	0.79	0.70	-
Return of capital	0.81	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 December 31, 2009):

Net Assets: $ 174,002,132

Top 25 holdings: (unaudited)

Name of security	% of Portfolio Assets
Industrial & Alliance Financial Services Non-Cumulative Class A Preferred Series B	1.02
BCE Inc. Cumulative Redeemable Class H 1st Preferred Series AH	1.02
National Bank Of Canada 4.85 Non-Cumulative Redeemable 1st Preferred Series 16	1.00
Canadian Imperial Bank Commerce Non-Cumulative Redeemable Class A Preferred Series 31	1.00
Brookfield Asset Management Class A Preferred Series 13	0.99
YPG Holdings 5.00 Cumulative Redeemable Series 2	0.99
Westcoast Energy Inc. 5.60 Cumulative 1st Preferred Series 8	0.99
Brookfield Asset Management Class A Preferred Series 4	0.99
Canadian Imperial Bank Commerce Non-Cumulative Redeemable Class A Preferred Series 27 Convertible	0.98
Bank Of Nova Scotia Non-Cumulative Preferred 5 Year Rate Reset Series 22	0.97
Power Financial Corporation 5.75 Non-Cumulative Preferred 1 Series H	0.97
Brookfield Properties Corp. Class A Preferred Series F	0.96
Brookfield Properties Corp. Class AAA Preferred Series I	0.96
Brookfield Asset Management Class A Preferred Series 2	0.95
Brookfield Asset Management Cumulative Class A Preferred Series 17	0.95
Westcoast Energy Inc. 5.50 Cumulative 1st Preferred Series 7	0.95
Brookfield Properties Corp. Class AAA Preferred Series K	0.95
Power Financial Corporation 5.50 Non-Cumulative Preferred 1 Series D	0.95
Co-Operators General Insurance Class E Preferred Series C	0.94
Power Financial Corporation Floating Rate Non-Cumulative Preferred 1 Series D	0.94
Great-West Lifeco Inc. 4.50 Non-Cumulative 1st Preferred Series I	0.94
Fortis Inc. Cumulative Redeemable 1st Preferred Series F Convertible	0.94
Power Corporation Of Canada 5.80 Non-Cumulative 1st Preferred Series C	0.94
Manulife Financial Corporation Non-Cumulative Class A Preferred Series 3	0.94
Canadian Imperial Bank Commerce Non-Cumulative Redeemable Class A Preferred Series 30	0.94

Portfolio Breakdown: (unaudited)

Sector	% of Portfolio Assets
Perpetual preferred shares	49.85
Fixed/floater preferred shares	24.13
Retractable preferred shares	18.39
Floating rate preferred shares	7.63
	100.00

Diversified Preferred Share Trust

Snapshot

Product overview

Performance

Portfolio manager

W. Shane Stuck, Vice-President and Senior Portfolio Manager

Distributions

Portfolio holdings