Sentry Select Capital Inc. Announces Completion of the Conversion of Sentry Select Diversified Income Fund to a Mutual Fund

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2009) - Sentry Select Capital Inc. ("Sentry Select") is pleased to announce that, on August 14, 2009, Sentry Select Diversified Income Fund (the "Fund") completed the conversion from a closed-end investment trust to an open-end mutual fund bearing the same name. Unitholders of the Fund received one Series X unit of the open-end fund for each Fund unit held. The Fund had a net asset value per unit of $3.23 as of August 14, 2009.

Sentry Select Capital Inc.

Sentry Select Capital Inc. is a Canadian wealth management company that offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates.

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 Select. The forward-looking statements are not historical facts but reflect Sentry Select'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 Select 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. For a complete disclosure record for the Fund, please visit the Fund's profiles at www.sedar.com.

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Sentry Select Capital Inc.
The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 861-8729
Fax: (416) 364-5615

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