TORONTO: C.A. Bancorp Inc. is
pleased to announce that Sentry Select Total Strategy Fund (the
“Trust”) has issued an additional 500,000 units for gross proceeds of
$5,000,000 pursuant to the exercise by the agents of their
over-allotment options.
Gross proceeds: Including the over-allotment, the total gross proceeds of the Trust’s recent public offering are $55,000,000.
Trading information: The Trust units began trading on the Toronto Stock Exchange on August 25, 2006 under the symbol TSF.UN.
Investment objectives:
The Trust’s investment objective is to maximize the total return to
unitholders. At least 75% of the assets of the Trust will generally be
invested in a diversified portfolio of primarily Canadian equity and
equity-related securities, including income trusts. Up to 25% of the
Trust’s assets will be invested in private equity and equity-related
securities of Canadian small and middle-market private and public
companies.
Manager:
C.A. Bancorp Inc. is the manager of the Trust. C.A. Bancorp Inc., a
Toronto-based merchant bank, is involved in a range of transactions
with both private and public companies across a broad range of
industries in Canada. C.A. Bancorp conducts its business through three
areas of focus: direct investing; fund management for the
institutional, high-net-worth and retail markets; and financial
services. The company trades on the TSX Venture Exchange, under the
symbol BKP.
Investment manager:
Sentry Select Capital Corp. has been retained to provide investment
management services to the Trust. Sentry Select Capital Corp. provides
investment, administrative and marketing services to 33 exchange-listed
closed-end funds and corporations (including preferred securities and
debentures), 16 mutual funds, 15 principal-protected notes and 4
flow-through limited partnerships. Sentry Select is one of the largest
Canadian investment managers in the income trust sector. As of August
31, 2006, the firm had approximately $8.5 billion in gross assets under
management.
Agents:
A syndicate of agents co-led by RBC Capital Markets and CIBC World
Markets Inc., included BMO Nesbitt Burns Inc., National Bank Financial
Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital
Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd.,
Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities
Corporation, Berkshire Securities Inc., IPC Securities Corporation,
Research Capital Corporation and Wellington West Capital Inc.
More information:
Mark Gardhouse, President, C.A. Bancorp Inc.
Tel: 1-866-388-5985 Fax: 416-364-2398
Paolo De Luca, Chief Financial Officer, C.A. Bancorp Inc.
pdeluca@cabancorp.com Tel: 1-888-246-6656, (416) 214-5985 ext. 510 The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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