Sentry Select Diversified Income Trust Completes $305 Million Exchange Offering

On October 26, 2007, Sentry Select Diversified Income Trust (the “Trust”), an investment fund managed by Sentry Select Capital Corp., completed an exchange offering of 64,298,759 Trust Units valued at approximately $305 million in exchange for securities of other public issuers.

Borden Ladner Gervais LLP acted for the Trust and Sentry Select Capital Corp. with a team led by Ed Merringer and that included Dyana McLellan, Michael Tripp, Vanessa McMinn (securities/corporate) and Stephen Fyfe (tax).

Blake, Cassels & Graydon LLP acted for National Bank Financial Inc., the dealer manager, with a team that included Jeff Glass, Anoop Dogra, Michael Fabbri and Marc Deeby (securities/corporate) and Chris Van Loan, Bryan Bailey and Edward Miller (tax).