Sentry Select Capital Corp. Announces August 2008 Distributions

Sentry Select Capital Corp. ("Sentry Select") is pleased to announce the August 2008 distribution amounts for the following income trusts.

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Trust Trading Distri- Record Payable Distri- TSX trading Annualized

symbol bution date date bution price per yield

(per amount unit as of

unit) annua- August 18,

lized 2008

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Sentry

Select

Diver-

sified

Income SDT.UN $ 0.045 Aug. 29, Sept. 8, $ 0.54 $ 4.34 12.4%

Trust 2008 2008

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Multi

Select

Income

Trust

Capital MST.UN $ 0.07 Aug. 29, Sept.15, $ 0.84 $ 9.02 9.3%

Units 2008 2008

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Pro-Vest

Growth

&

Income PRG.UN $0.0667 Aug. 29, Sept. 15, $0.8004 $11.11 7.2%

Fund 2008 2008

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Premier

Value

Income PVN.UN $ 0.06 Aug. 29, Sept. 15, $ 0.72 $ 9.45 7.6%

Trust 2008 2008

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Select

50 S-1

Income SON.UN $ 0.08 Aug. 29, Sept. 15, $ 0.96 $11.32 8.5%

Trust 2008 2008

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Sentry

Select

Commod-

ities

Income SSJ.UN $ 0.06 Aug. 29, Sept. 15, $ 0.72 $ 9.84 7.3%

Trust 2008 2008

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Sentry

Select

Focused

Growth

&

Income SFG.UN $ 0.065 Aug. 29, Sept. 15, $ 0.78 $ 8.95 8.7%

Trust 2008 2008

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Sentry

Select

MBS

Adjus-

table

Rate

Income

Fund MGS.UN $ 0.03 Aug. 29, Sept. 15, $ 0.36 $ 4.19 8.6%

II 2008 2008

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Oil

Sands

and

Energy

Mega-

Proj-

ects OSM.UN $0.0417 Aug. 29, Sept. 15, $0.5004 $ 9.06 5.5%

Trust 2008 2008

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Sentry

Select

40

Split

Income

Trust

Capital SFO.UN $0.0833 Aug. 29, Sept. 15, $0.9996 $ 8.50 11.8%

Units 2008 2008

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Precious

Metals

and

Mining MMP.UN $ 0.10 Aug. 29, Sept. 15, $ 1.20 $ 8.65 13.9%

Trust 2008 2008

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Future distributions

Distributions are based upon the current make-up of each individual trust's portfolio and the indicated distribution policies of the securities within each of the trust's portfolio. If the make-up of any of the portfolios changes or if such securities make distributions other than in accordance with their indicated policies, the distributions could change.

Website

To find out more about each trust, including portfolio holdings, net asset values and investment objectives, please visit www.sentryselect.com.

Sentry Select Capital Corp.

Sentry Select Capital Corp. is a Canadian wealth management company that manages over $6 billion in assets as of June 30, 2008. The company 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, including the ability of Sentry Select to pay the distributions on the dates specified. 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. Sentry Select 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.

Sentry Select Capital Corp.
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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