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