TORONTO, ONTARIO -- (Marketwire) -- 03/19/12 -- Sentry Investments Inc. ("Sentry" or the "Manager"), is pleased to announce that the merger of Sentry Mining Opportunities Class (the "Terminating Fund") and Sentry Precious Metals Growth Class (the "Continuing Fund") (the "Merger") became effective on March 16, 2012. The Merger was approved at special meetings of securityholders of the Terminating Fund and the Continuing Fund held successively on March 8, 2012.
The Terminating Fund transferred all of its net assets to the Continuing Fund. Each securityholder of the Terminating Fund received Series A, F and/or Series I securities of the Continuing Fund having the same aggregate net asset value as their respective securities of the Terminating Fund as of the close of business on March 16, 2012, as listed below:
-- Series A of the Terminating Fund was converted to Series A of the
Continuing Fund with a conversion ratio of 1.0382.
-- Series F of the Terminating Fund was converted to Series F of the
Continuing Fund with a conversion ratio of 1.0526.
-- Series I of the Terminating Fund was converted to Series I of the
Continuing Fund with a conversion ratio of 1.0445.
Costs of the Merger
All costs and expenses associated with the Merger will be borne by the Manager.
Investment objectives of the Continuing Fund
Sentry Precious Metals Growth Class is an open-end mutual fund with approximately $92 million in assets as at March 16, 2012. The Continuing Fund's investment objective is to provide long-term capital appreciation by investing substantially all of its assets in securities of Sentry Precious Metals Growth Fund. Sentry Precious Metals Growth Fund's investment objective is to provide long-term capital appreciation by investing in equity securities of companies engaged in the precious metals sector while remaining RRSP eligible. This fund is suitable for investors who wish to diversify their investment portfolios, are not concerned by short-term price fluctuations and are planning to hold their investment for the long term.
Sentry Investments
Sentry Investments is a Canadian asset management company with approximately $7 billion in assets under management on behalf of Canadian investors. Sentry Investments offers a diverse range of investment products including mutual funds, hedge funds, flow-through limited partnerships and other alternative investment products. Sentry Investments 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. 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, including the Terminating Fund and Continuing Fund, 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 Tel: 416-364-9297 Fax: 416-364-1197
Contacts:
Sentry Investments Inc.
Investor Relations
(broker/investor inquiries and media inquiries)
1-888-730-4623
1-416-364-1197 (FAX)
info@sentry.ca
www.sentry.ca
